Huazheng New Materials announced that the company previously participated in investing in the Huafang Fengzhou Fund; it now plans to reduce the pledged capital by 28 million yuan, and the fund's investment scale will be reduced from 50 million yuan to 15.175 million yuan. The fourth meeting of the sixth board of directors of the company has reviewed and approved it. It constitutes a related transaction and does not need to be submitted to the shareholders' meeting for review.

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