Shanghai Xiangheyongyuan, Shanghai Xin, Nanshan Yongquan, and Shanghai Yongyue, shareholders of Xiangteng New Materials, plan to reduce their holdings of the company's shares within 3 months after the announcement of the pre-disclosure of the reduction in 15 trading days, with a total reduction of no more than 1,373,736 shares, accounting for 2% of the company's total share capital. Among them, the reduction by centralized bidding method does not exceed 686,868 shares, and the reduction by block trading method does not exceed 686,868 shares. The reason for the reduction is the shareholders' own capital needs, and the source of shares is the shares issued before the company's initial public offering of stocks.