According to Zhitong Finance App News, Hongbai New Materials (605366.SH) issued an announcement. Shareholder Xinyu Baolong plans to reduce the company's shares by no more than 14.883,300 shares through centralized bidding and/or bulk transactions within 3 months after 15 trading days from the date of disclosure of this holdings reduction plan (that is, November 3, 2026 to February 2, 2027), for a total of no more than 1.93% of the company's total share capital.

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