According to Zhongzhou Special Materials, Feng Mingming, the controlling shareholder and actual controller, reduced his holdings by 5.6032 million shares through centralized bidding transactions from December 2, 2025 to December 25, 2025, at an average price of 19.95 yuan/share, accounting for 1.22% of the company's total share capital. The shareholding fell to 157 million shares, accounting for 34.32%. Of these, there were 35.146 million shares with unlimited conditions of sale, accounting for 7.66%; 122 million shares with limited conditions of sale, accounting for 26.65%. The holdings reduction plan has been implemented.

According to Zhongzhou Special Materials, Feng Mingming, the controlling shareholder and actual controller, reduced his holdings by 5.6032 million shares through centralized bidding transactions from December 2, 2025 to December 25, 2025, at an average price of 19.95 yuan/share, accounting for 1.22% of the company's total share capital. The shareholding fell to 157 million shares, accounting for 34.32%. Of these, there were 35.146 million shares with unlimited conditions of sale, accounting for 7.66%; 122 million shares with limited conditions of sale, accounting for 26.65%. The holdings reduction plan has been implemented.