Hongbai New Materials announced on October 11 that the company's shareholder Xinyu Baolong Project Investment Center plans to reduce its holdings of the company's shares by no more than 14.883,300 shares through centralized bidding and bulk transactions within 3 months after 15 trading days from the date of disclosure of the announcement, that is, no more than 1.93% of the company's total share capital. Among them, holdings were reduced by no more than 7.7283 million shares through centralized bidding, and no more than 7.155 million shares were reduced through bulk transactions. The holdings reduction period is from November 3, 2026 to February 2, 2027. The reason for the reduction was shareholders' own capital requirements. There is no price range for this holdings reduction. Based on the closing price of 9.94 yuan/share on the most recent trading day before the announcement was disclosed, the maximum market value corresponding to the proposed reduction in shares is about 148 million yuan.

Hongbai New Materials announced on October 11 that the company's shareholder Xinyu Baolong Project Investment Center plans to reduce its holdings of the company's shares by no more than 14.883,300 shares through centralized bidding and bulk transactions within 3 months after 15 trading days from the date of disclosure of the announcement, that is, no more than 1.93% of the company's total share capital. Among them, holdings were reduced by no more than 7.7283 million shares through centralized bidding, and no more than 7.155 million shares were reduced through bulk transactions. The holdings reduction period is from November 3, 2026 to February 2, 2027. The reason for the reduction was shareholders' own capital requirements. There is no price range for this holdings reduction. Based on the closing price of 9.94 yuan/share on the most recent trading day before the announcement was disclosed, the maximum market value corresponding to the proposed reduction in shares is about 148 million yuan.