Ganzhou Tengyuan Cobalt Shareholders Xiamen Tungsten and Changjiang Chendao Plan to Reduce Holdings by Up to 2% Combined

Stock News09-16

Ganzhou Tengyuan Cobalt New Material Co.,Ltd. (301219.SZ) announced that it has received share reduction plan notification letters from two shareholders holding more than 5% of the company's shares: Xiamen Tungsten Co.,Ltd. ("Xiamen Tungsten") and Ningbo Meishan Bonded Port Area Chendao Investment Partnership (Limited Partnership) - Changjiang Chendao (Hubei) New Energy Industry Investment Partnership (Limited Partnership) ("Changjiang Chendao"), both of which intend to reduce their shareholdings in the company.

Xiamen Tungsten plans to reduce its holdings by no more than 2,932,924 shares through centralized bidding within three months after 15 trading days from the disclosure date of this announcement, representing no more than 1% of the company's current total share capital.

Changjiang Chendao plans to reduce its holdings by no more than 2,932,924 shares through centralized bidding or block trading within three months after 15 trading days from the disclosure date of this announcement, also representing no more than 1% of the company's current total share capital.

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