Hualian Group to reduce stake in Innovation New Material

Beijing Hualian Group Investment Holding Co., Ltd. (Hualian Group), a major shareholder in Innovation New Material Technology Co., Ltd., has announced a plan to reduce its stake in the company. As of the disclosure date, Hualian Group, along with its consistent actor Beijing Hualian Department Store Co., Ltd., collectively holds 197,744,951 shares, representing 5.26% of the total share capital.

The planned reduction will occur via centralized bidding between December 19, 2025, and March 18, 2026. Hualian Group intends to divest no more than 37,560,721 shares, which is less than 1% of the company's total share capital. The reason cited for this divestment is Hualian Group's own operational requirements.

The shares to be reduced were primarily acquired before the company's IPO.