Dongyue Silicon Materials announced that it has received a Notice of Reduction Plan from the Beijing Branch of Minsheng Bank, a shareholder holding 5.77% of the company's stocks. The shareholder plans to reduce its shareholding by no more than 0.79%, or 9.5 million shares, through centralized bidding or bulk trading within 3 months after 15 trading days from the date of announcement. The reason for the reduction is the requirement of asset disposal for debt repayment, and the shares are sourced from debt assets. The reduction price will be determined based on market price and trading methods, and will not be lower than the issuance price of the initial public offering of shares.
东岳硅材：民生银行北京分行拟减持不超过0.79%股份
Dongyue Silicon Materials: Minsheng Bank Beijing Branch intends to reduce its shareholding by no more than 0.79%.
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