Prince New Materials(002735.SZ): Actual Controller Wang Jinjun Plans to Reduce Holdings of No More Than 3% of Shares

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Gelonghui March 20 — Wangzi New Material (002735.SZ) announced that the controlling shareholder and actual controller, Mr. Wang Jinjun, due to personal funding needs, plans to reduce his holdings by no more than 11,257,600 shares (approximately 3.00% of the company’s total share capital) within three months after the announcement of the reduction plan, starting 15 trading days after the announcement.

Company director, vice president Mr. Cheng Gang, and secretary of the board, vice president Ms. Bai Qiong, plan to reduce their holdings within three months after the announcement of no more than 49,000 shares and 29,400 shares through centralized bidding transactions, representing approximately 0.0131% and 0.0078% of the company’s total share capital, respectively.

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