Huibo New Materials (301555) shareholder Dongrui International plans to reduce its holdings by no more than 3%, involving 2.768 million shares.

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On March 18, 2026, Huibo New Materials Technology (Shanghai) Co., Ltd. (hereinafter referred to as “Huibo New Material” or “the Company”) announced that its shareholder Dongrui International Limited (hereinafter referred to as “Dongrui International”) holding more than 5% of the shares plans to reduce its holdings. The reduction will be conducted through centralized bidding and block trades, totaling no more than 2,768,001 shares, accounting for 3.00% of the company’s total share capital.

Shareholder Basic Information

Dongrui International is a shareholder holding more than 5% of Huibo New Material. As of the disclosure date, it owns 8,873,100 shares, representing 9.62% of the total share capital.

Core Content of the Reduction Plan

Reason for Reduction and Source of Shares

The reason for Dongrui International’s reduction is “own capital needs.” The shares to be reduced originate from holdings before the company’s initial public offering.

Method and Quantity of Reduction

The reduction will be carried out via centralized bidding and block trades, with a total reduction not exceeding 2,768,001 shares, or 3.00% of the company’s total share capital. If the company distributes dividends, issues bonus shares, increases capital by transfer, or conducts rights issues during the period, the number of shares to be reduced will be adjusted accordingly, but the reduction ratio will remain unchanged.

Period and Price of Reduction

The reduction period is within three months after 15 trading days from the date of this announcement. For reductions via block trades, the total within any 90 consecutive natural days shall not exceed 2% of the company’s total shares; for centralized bidding, the total within any 90 consecutive natural days shall not exceed 1%. Shares obtained through block trades cannot be transferred within six months after acquisition.

The reduction price range will be determined based on market prices and will not be lower than the offering price of the company’s initial public offering (if there are ex-dividend or ex-rights events, the offering price will be adjusted accordingly).

Shareholder Commitment and Performance

Dongrui International promised at the time of the company’s IPO that it would not transfer or entrust others to manage its pre-IPO shares within 12 months of listing; after the lock-up period, it will not reduce holdings at a price lower than the issuance price within two years, and will fulfill information disclosure obligations in advance. As of the disclosure date, Dongrui International has strictly adhered to these commitments without any violations.

Additionally, director He Zhengyu, who indirectly holds shares through Dongrui International, has committed that during his tenure, he will not transfer more than 25% of his total holdings annually, and after the lock-up period, the reduction price will not be lower than the issuance price. This reduction will not violate his commitments.

Risk Warning and Impact Statement

The announcement indicates that there are uncertainties regarding the timing, quantity, and price of the reduction. Dongrui International is not a controlling shareholder or actual controller of the company. This reduction is a normal shareholder behavior and will not lead to a change in control or significantly impact the company’s governance structure or ongoing operations. One of the company’s actual controllers, Kang Yaolun (currently a director and general manager), holds 0.01% of Dongrui International’s shares. His indirect holdings through Dongrui International are not involved in this reduction.

Huibo New Material states that it will continue to monitor the progress of Dongrui International’s reduction plan and fulfill its information disclosure obligations in a timely manner. Investors are advised to invest rationally and be aware of risks.

Disclaimer: The market involves risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. For questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao