According to Shiyida's announcement, the controlling shareholder, director Chen Yamei, and co-actor, shareholder, director and CEO Qiao Xin, plan to reduce their total holdings of the company's shares by no more than 173.251 million shares due to their own capital requirements, to no more than 3% of the company's current total share capital. The method of reducing holdings is a bulk transaction or centralized bidding transaction. The holdings reduction period is within 3 months after 15 trading days from the date of disclosure of the announcement.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.