Guangdong Fangyuan New Materials (SH:688148) Shang Hai Zheng Quan Bao·2026-02-11 18:44Core Viewpoint - The announcement details a change in the shareholding of Guangdong Fangyuan New Materials Group Co., Ltd. (the Company) by its major shareholder, Betterray New Materials Group Co., Ltd. (Betterray), which has reduced its stake to below 5% through a series of transactions [1][5]. Group 1: Shareholding Changes - Betterray's previous shareholding was 20,414,408 shares, representing 3.9894% of the total shares as of December 30, 2022 [2][11]. - Between January 20 and March 31, 2023, the Company's total shares decreased from 511,718,000 to 511,606,053 due to stock repurchase and conversion of convertible bonds, resulting in Betterray's passive increase in shareholding percentage to 3.9903% [3][12]. - On June 26, 2023, Betterray's shares increased to 25,514,408, raising its holding percentage to 4.9871% after returning borrowed shares [3][12]. - Following a stock repurchase on October 27, 2023, Betterray's holding percentage increased to 5.0011% due to a reduction in the Company's total shares to 510,173,053 [3][12]. Group 2: Recent Transactions - On February 10, 2026, Betterray reduced its holdings by 5,800 shares, bringing its total to 25,508,608 shares and its holding percentage down to 5.0000% [5][10]. - The reduction in shareholding was executed through a centralized bidding process, marking the first time Betterray's stake fell below the 5% threshold [5][10]. - The actual holding percentage after the reduction is 4.99999%, rounded to 5.0000% for reporting purposes [10]. Group 3: Future Plans - Betterray has announced a plan to further reduce its holdings by up to 5,101,730 shares, which is not more than 1% of the total shares, within a three-month period starting from February 3, 2026 [9][10].