Four New Materials announced that Director Yang Yong plans to reduce his holdings of the company's unrestricted tradable shares by a maximum of 115,500 shares, or 25% of his holdings, using a centralized competitive bidding method within 3 months after 15 trading days from the date of this announcement. The reduction price will be based on the market price at the time of the reduction. Yang Yong currently holds 462,000 shares of the company, accounting for approximately 0.27% of the total share capital.