Levima Advanced Materials shareholder to reduce stake

Tibet Levima Sheng Enterprise Management Partnership (Limited Partnership), a shareholder in Levima Advanced Materials Corporation, announced a plan to reduce its stake in the company. Levima Sheng currently holds 41,703,000 shares, representing 3.12% of the company's total share capital. The proposed reduction involves selling up to 10,400,000 shares, equivalent to 0.78% of the company's total share capital.

The share reduction will occur within three months following 15 trading days from the announcement date. Sales will be conducted through concentrated bidding and/or block trading. The primary reason for the sale is to meet the personal financial needs of some retired and resigned personnel from Levima Sheng.

The shares originate from the company's initial public offering and subsequent capital increase from equity distributions. The selling price will be determined by market conditions at the time of the sale, but it will not be lower than the company's issuance price, adjusted for any ex-dividend or ex-right events during the period. Levima Sheng is not the controlling shareholder, and the reduction is not expected to alter the company's control or corporate governance structure.