According to CoinMeta, Wuxi Bank announced that the share reduction plan of Xingda Nylon, a shareholder holding more than 5% of the shares directly, and its concerted actor Shenwei Chemical has been terminated ahead of schedule. During the share reduction period, the aforementioned shareholders reduced their holdings of the company's shares by a total of 40.8316 million shares through block trades, accounting for 1.86% of the total share capital. The share reduction price range was from 5.68 yuan/share to 5.68 yuan/share, with a total reduction amount of 232 million yuan. After the share reduction, the combined shareholding ratio of Xingda Nylon, Shenwei Chemical, and Xinzhong decreased from 6.86% to 5.00%. The shares reduced this time were from before the initial public offering, and the actual share reduction situation is consistent with the previously disclosed reduction plan, and it will not lead to a change in the company's control rights.