Shenzhen Cotran New Material Announcement: The controlling shareholder and one of the actual controllers, the consistent action person Zhoushan Huineng, plans to reduce the company's shares by no more than 85,800 shares, accounting for 0.0679% of the total share capital, within 3 months after 15 trading days from the date of the announcement, through centralized bidding or block trading. The reason for the reduction is for its own fund arrangement, and the reduction price will be determined based on the market price.