Advanced Fiber Resources shareholder to reduce holdings

Advanced Fiber Resources (Zhuhai) (SZSE:300620) announced that shareholder XL Laser (HK) Limited intends to reduce its holdings. XL Laser, currently holding 11,597,885 shares (4.6544% of total share capital), plans to reduce its stake by up to 800,000 shares (0.3211% of total share capital). The reduction will occur via block trades or through centralized competitive bidding between July 9, 2025, and October 8, 2025. The reason for the share reduction is cited as the shareholder's own capital needs. The shares being divested originate from those held before the company's initial public offering and those obtained through subsequent capital reserve increases. XL Laser has committed to adhering to relevant regulations during the reduction period.