According to the Zhitong Finance App, Howen Auto & Electric (301488.SZ) issued an announcement. The company's shareholders Huaentai, Jiafutai, Jiapingtai, and Jiapingtai plan to reduce their holdings of the company's shares by a total of 980,000 shares (0.9638% of the company's total share capital) through centralized bidding transactions within 3 months after 15 trading days from the date of disclosure of this announcement. Since Chen Qingfeng, one of the actual controllers of the company, is a major shareholder of Huantai, and is also the executive partner of Jiafutai, Jiafutai, Jiapingtai, Jiapingtai, and Jiapingtai, are the concerted actors of Chen Qingfeng, one of the actual controllers of the company.

On the same day, it was announced that due to its own financial needs, the specific shareholder Yinghuajia plans to reduce its holdings of the company's shares by no more than 380,000 shares through centralized bidding transactions, accounting for 0.3737% of the company's total share capital. The reduction period is within 3 months after 15 trading days from the date of disclosure of this announcement.

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