Zhejiang Xinhua Chemical (603867.SH) announced on November 13th that the company has received a notification from Mr. Hu Jian. From July 26, 2023, until November 13, 2024, Mr. Hu Jian has collectively reduced his holdings of the company's convertible bonds by 443,020 shares through the Shanghai Stock Exchange system, accounting for 6.82% of the total convertible bonds issued by the company. As of the disclosure date of this report, Mr. Hu Jian's reduction of convertible bonds has resulted in a 1% change in the combined equity ownership percentage of Mr. Hu Jian and its concerted parties.