Beijinghualian Group cuts stake in Innovation New Material

Beijinghualian Group Investment Holdings Co., Ltd., along with its concerted party Beijinghualian Hypermarket Co., Ltd., has decreased its equity stake in Innovation New Material Technology Co., Ltd. Following transactions between 2025-12-19 and 2025-12-22, their combined shareholding decreased from 5.264674% to 4.999998% of Innovation New Material's total share capital.

The reduction involved Beijinghualian Group selling 9,941,400 shares through centralized competitive bidding, at an average price of yuan 4.266 per share. This move aligns with a previously disclosed plan to reduce holdings by no more than 1% of the company's total share capital. As of 2025-12-22, Beijinghualian Group's direct shareholding decreased to 184,254,551 shares, while Beijinghualian Hypermarket's stake remained unchanged at 3,549,000 shares.

The change in equity structure does not affect the controlling shareholder or actual controller of Innovation New Material and does not trigger a tender offer. Approximately yuan 155m of the held shares are pledged. Beijinghualian Group plans to continue opportunistic reductions over the next 12 months, adhering to disclosure requirements.