China Catalyst (SH:688267) Zheng Quan Zhi Xing·2025-08-21 16:36Summary of Key Points Core Viewpoint - The major shareholder of Zhongchumai New Materials Co., Ltd., Wang Jing, plans to reduce her shareholding due to personal financial needs, intending to sell up to 1,760,000 shares, which is no more than 1% of the company's total share capital, within three months starting from 15 trading days after the announcement [1][2]. Group 1: Shareholder Information - Wang Jing directly holds 10,380,841 shares, representing 5.8915% of the total share capital of the company [1][2]. - The shares held by Wang Jing were acquired prior to the company's initial public offering (IPO) and became tradable on August 16, 2023 [1][2]. Group 2: Reduction Plan Details - The planned reduction will occur through centralized bidding transactions, with the maximum number of shares to be sold being 1,760,000 [2]. - The reduction period is set to begin on September 12, 2025, and will last until December 11, 2025 [2]. - The selling price will be determined based on market conditions [1][2]. Group 3: Compliance and Commitments - Wang Jing has made commitments regarding her shareholding, including a lock-up period of 12 months post-IPO during which she will not transfer or manage her shares [3]. - If the company's stock price falls below the IPO price for 20 consecutive trading days within six months post-IPO, the lock-up period will automatically extend by an additional six months [3]. - The shareholder has confirmed that there are no other arrangements regarding the reduction plan and that it aligns with previously disclosed commitments [4][5].