Chongqing Machinery & Electric Co Ltd:
APPROVES PROPOSED SHARE REDUCTION PLAN FOR GRIPM ADVANCED MATERIALS SHARES
PROPOSES TO REDUCE UP TO 2.83 MLN GRIPM SHARES, UP TO 2.73% OF TOTAL SHARES
REDUCTION TO BE CONDUCTED VIA CENTRALISED BIDDING AND/OR BLOCK TRADING
WILL DETERMINE REDUCTION PRICE BASED ON MARKET PRICE AT TIME OF REDUCTION