Hongbai New Materials announced that the company's controlling shareholder Hongbai Chemical's holdings reduction plan has been completed. Prior to the reduction in holdings, Hongbai Chemical directly held 138 million shares, accounting for 21.17% of the total share capital. Together with those acting in concert, it held 260 million shares, accounting for 40.01%. From October 13 to November 27, 2025, Hongbai Chemical reduced its holdings by a total of 19.499.96 million shares through bulk transactions and centralized bidding, accounting for 3% of the company's total share capital. The reduced price range was 5.66 to 6.53 yuan/share, with a total reduction of 117 million yuan. After the holdings were reduced, Hongbai Chemical held 118 million shares, accounting for 18.17%.

Hongbai New Materials announced that the company's controlling shareholder Hongbai Chemical's holdings reduction plan has been completed. Prior to the reduction in holdings, Hongbai Chemical directly held 138 million shares, accounting for 21.17% of the total share capital. Together with those acting in concert, it held 260 million shares, accounting for 40.01%. From October 13 to November 27, 2025, Hongbai Chemical reduced its holdings by a total of 19.499.96 million shares through bulk transactions and centralized bidding, accounting for 3% of the company's total share capital. The reduced price range was 5.66 to 6.53 yuan/share, with a total reduction of 117 million yuan. After the holdings were reduced, Hongbai Chemical held 118 million shares, accounting for 18.17%.