[Zhangyuan Tungsten Industry: The controlling shareholder plans to reduce its holdings by no more than 1% of its shares] On September 8, Zhangyuan Tungsten Industry (002378.SZ) announced that the company’s controlling shareholder Chongyi Zhangyuan Investment Holding Co., Ltd. holds 6 shares of the company .82 million shares, accounting for 56.73% of the total share capital, and plans to reduce its holdings by no more than 12 million shares, accounting for 1% of the total share capital, through centralized bidding within 3 months after 15 trading days from the date of announcement. The reason for the reduction is the need for project investment funds, and the source of the shares is the shares acquired before the initial public offering. This shareholding reduction will not result in a change of control of the company.