[new Asia process: Hunan Xiangcai plans to reduce its stake by no more than 2%] May 30 / PRNewswire-FirstCall-Asianet /-- according to the announcement, the shareholder of Hunan Xiangliang New Materials Partnership (limited partnership) (referred to as "Hunan Xiangcai"), who holds 39410000 shares (7.76% of the total share capital) of the company, plans to reduce its stake in the company by centralized bidding within six months after 15 trading days from the date of the announcement. The proportion of reduction shall not exceed 2% of the total share capital of the company and shall not exceed 1% of the total number of shares of the company for any 90 consecutive natural days.