Hesheng reduces prices across the board: DMC drops by 800! Silicone oil drops by 600! Raw glue drops by 600! 107 glue drops by 500! Winning Creation Price Increase! Hesheng plans to reduce its holdings by another 35 million shares!

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Today, the domestic DMC market showed stable performance, with the national average price remaining at 14900 yuan per ton, unchanged from the previous trading day. The market situation is likely to maintain a stable operating pattern. The quotes provided by the vast majority of individual manufacturers today continue to remain stable. Downstream users' confidence in the future market has declined to some extent, with most adopting a wait-and-see attitude and prioritizing the consumption of their existing inventory, resulting in a relatively flat atmosphere for market inquiries and new orders.
Hesheng Silicon Industry has lowered its quotations comprehensively today, with DMC prices dropping from 15900 yuan/ton to 15100 yuan/ton, a decrease of 800 yuan/ton; 107 glue has been reduced from 15500 yuan/ton to 15000 yuan/ton, a decrease of 500 yuan/ton; Raw rubber has decreased from 16100 yuan/ton to 15500 yuan/ton, a decrease of 600 yuan/ton; Dimethyl silicone oil has decreased from 16800 yuan/ton to 16200 yuan/ton, a decrease of 600 yuan/ton.
On May 13th, Hesheng Silicon Industry announced its plan to reduce the shareholding of its controlling shareholder. Due to its own funding needs, Hesheng Group plans to reduce its holdings by no more than 35466207 shares within 3 months from the disclosure date of this reduction plan announcement. Among them, it plans to reduce its holdings by no more than 11822069 shares (i.e. no more than 1% of the company's total share capital) through centralized bidding; We plan to reduce our holdings through block trades by no more than 23644138 shares (i.e. no more than 2% of the company's total share capital). The reduction price is determined based on the market price and trading method at the time of reduction.

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