This is an announcement for the paper “Extreme contractions on finite-dimensional polygonal Banach spaces” by Debmalya Sain<https://arxiv.org/search/math?searchtype=author&query=Sain%2C+D>, Anubhab Ray<https://arxiv.org/search/math?searchtype=author&query=Ray%2C+A>, Kallol Paul<https://arxiv.org/search/math?searchtype=author&query=Paul%2C+K>. Abstract: We explore extreme contractions between finite-dimensional polygonal Banach spaces, from the point of view of attainment of norm of a linear operator. We prove that if $ X $ is an $ n- $dimensional polygonal Banach space and $ Y $ is any Banach space and $ T \in L(X,Y) $ is an extreme contraction, then $ T $ attains norm at $ n $ linearly independent extreme points of $ B_{X}. $ Moreover, if $ T $ attains norm at exactly $ n $ linearly independent extreme points $ x_1, x_2, \ldots, x_n $ of $ B_X $ and does not attain norm at any other extreme point of $ B_X, $ then each $ Tx_i $ is an extreme point of $ B_Y.$ We completely characterize extreme contractions between a finite-dimensional polygonal Banach space and a strictly convex Banach space. We introduce L-P property for a pair of Banach spaces and show that it has natural connections with our present study. We also prove that for any strictly convex Banach space $ X $ and any finite-dimensional polygonal Banach space $ Y, $ the pair $ (X,Y) $ does not have L-P property. Finally, we obtain a characterization of Hilbert spaces among strictly convex Banach spaces in terms of L-P property. The paper may be downloaded from the archive by web browser from URL https://arxiv.org/abs/1808.01881