According to the announcement of Xianglou New Materials, Zhang Xiao, the company's director and deputy general manager, plans to reduce his holdings by no more than 230,000 shares through centralized bidding transactions from July 11, 2025 to October 10, 2025, accounting for 0.30% of the company's share capital after excluding the number of shares in the special securities account for repurchase, and no more than 25% of the total number of shares held by the company.

According to the announcement of Xianglou New Materials, Zhang Xiao, the company's director and deputy general manager, plans to reduce his holdings by no more than 230,000 shares through centralized bidding transactions from July 11, 2025 to October 10, 2025, accounting for 0.30% of the company's share capital after excluding the number of shares in the special securities account for repurchase, and no more than 25% of the total number of shares held by the company.