On November 15th, Hengxing New Materials (603276.SH) announced that shareholders Jin Pu Guodiao and Su Shang Investment plan to reduce their holdings by a total of no more than 6,076,495 shares through concentrated bidding and block trade methods due to their own capital needs. The reduction ratio does not exceed 2.93% of the total share capital of the company. Specifically, Jin Pu Guodiao plans to reduce no more than 1.00% of the total share capital through concentrated bidding or block trade, with a reduction quantity not exceeding 2,076,494 shares; Su Shang Investment plans to reduce no more than 1.93% of the total share capital through concentrated bidding or block trade, with a reduction quantity not exceeding 4,000,001 shares. The above reduction plan will be carried out within 3 months after the disclosure of this announcement for 15 trading days, and the reduction price will be determined based on market prices. Within three months, Jin Pu Guodiao and Su Shang Investment collectively reduce the total number of shares through concentrated bidding by no more than one percent of the total number of company shares, and through block trade by no more than two percent of the total number of company shares.