---
title: "The controlling shareholder of Jiangxi Hungpai New Material plans to reduce its holdings by no more than 3%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256732259.md"
description: "According to the announcement from Hongpai New Material, due to the funding needs of its shareholders, the controlling shareholder Hongpai Chemical plans to reduce its holdings in the company by no more than 19.5 million shares, accounting for no more than 3% of the company's total share capital as of September 9, 2025. The reduction period will be within 3 months starting from 15 trading days after the disclosure of this reduction plan"
datetime: "2025-09-10T11:32:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256732259.md)
  - [en](https://longbridge.com/en/news/256732259.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256732259.md)
---

# The controlling shareholder of Jiangxi Hungpai New Material plans to reduce its holdings by no more than 3%

According to the announcement from Hongpai New Material (605366.SH), due to the funding needs of its shareholders, the controlling shareholder Hongpai Chemical plans to reduce its holdings in the company by no more than 19.5 million shares, which does not exceed 3% of the company's total share capital as of September 9, 2025. The reduction period will be within three months starting from 15 trading days after the disclosure of this reduction plan

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