江山股份：拟减持参股公司江天化学433.08万股股票 占其总股本3%

Core Viewpoint - Jiangshan Co., Ltd. (600389.SH) announced a plan to reduce its holdings in Jiangtian Chemical by 433.08 million shares, representing 3% of the total share capital, to meet project construction and operational funding needs [1] Summary by Relevant Sections - Company Holdings Jiangshan Co. holds 21.69 million shares of Jiangtian Chemical, accounting for 15.02% of its total share capital [1] - Reduction Plan The board of directors has authorized the management to reduce the holdings through centralized bidding and block trading on the stock exchange, with the reduction price determined by market trading prices [1] - Authorization Period The authorization is effective from the date of board approval until the completion of the share reduction [1] - Transaction Classification The transaction does not constitute a related party transaction or a major asset restructuring, and does not require approval from the shareholders' meeting [1]