---
title: "XIANGYUAN NEW MATERIAL: Shareholders Hubei Gaotou, Liangke Gaotou, and Gaofuxin plan to collectively reduce their holdings by no more than 2.9% of the company's shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253018769.md"
description: "XIANGYUAN NEW MATERIAL announced that shareholders Hubei Gaotou, Liangke Gaotou, and Gaofuxin plan to reduce their holdings by no more than 2.9% of the company's shares, totaling no more than 1.345 million shares and 2.6964 million shares, with the implementation period being within 3 months after the announcement is disclosed, starting from the 3rd trading day. The three are acting in concert, holding a total of 4.4327 million shares, accounting for 3.2072% of the total share capital. The reason for the reduction is their own funding needs"
datetime: "2025-08-14T10:50:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253018769.md)
  - [en](https://longbridge.com/en/news/253018769.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253018769.md)
---

# XIANGYUAN NEW MATERIAL: Shareholders Hubei Gaotou, Liangke Gaotou, and Gaofuxin plan to collectively reduce their holdings by no more than 2.9% of the company's shares

XIANGYUAN NEW MATERIAL announced that shareholders Hubei Gaotou, Liangke Gaotou, and Gaofuxin plan to reduce their holdings by a total of no more than 1.345 million shares through centralized bidding transactions; and by a total of no more than 2.6964 million shares through block trading, to be implemented within three months after the third trading day from the date of this announcement. The three are acting in concert and collectively hold 4.4327 million shares of the company, accounting for 3.2072% of the company's latest disclosed total share capital. The purpose of the reduction is for their own funding needs, and the shares are sourced from those held prior to the initial public offering and listing

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