According to Zhonglun New Materials's announcement, Strait Co., Ltd., the shareholder holding 9.750% of the company's shares, plans to reduce its holdings by no more than 8.002 million shares within 90 natural days after 15 trading days from the date of publication of the announcement, accounting for 2.000% of the company's total share capital, of which no more than 4.01 million shares will be reduced through centralized bidding transactions for any 90 consecutive natural days, accounting for 1.000% of the company's total share capital. The method of reducing holdings is centralized bidding or bulk trading. The source of shares is shares already held by the company before the initial public offering.

According to Zhonglun New Materials's announcement, Strait Co., Ltd., the shareholder holding 9.750% of the company's shares, plans to reduce its holdings by no more than 8.002 million shares within 90 natural days after 15 trading days from the date of publication of the announcement, accounting for 2.000% of the company's total share capital, of which no more than 4.01 million shares will be reduced through centralized bidding transactions for any 90 consecutive natural days, accounting for 1.000% of the company's total share capital. The method of reducing holdings is centralized bidding or bulk trading. The source of shares is shares already held by the company before the initial public offering.