Fengshan Group announced that Yin Ping, the controlling shareholder and actual controller of the company, and co-actors Yin Fengliang and Feng Jingya, and Shan Yongxiang, director and vice president, were terminated early. Yin Ping reduced her holdings by 1.2 million shares through centralized bidding, accounting for 0.73% of the total share capital; Yin Fengliang reduced her holdings by 299,900 shares, accounting for 0.18% of the total share capital, and the remaining 100 shares will no longer be reduced; Feng Jingya reduced her holdings by 150,000 shares, accounting for 0.09% of the total share capital, and has completed the reduction; and Shan Yongxiang has not reduced her holdings. All of these holdings reductions were implemented through centralized bidding, in line with relevant regulations and previously disclosed holdings reduction plans.

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