Zhitong Finance App News, Baida Group (600865.SH) issued an announcement. The company recently received the “Notice Letter on the Share Reduction Plan” issued by Xizi. Due to its own financial requirements, Xizi United plans to reduce its total holdings of the company's shares by no more than 11.287,200 shares through centralized bidding and bulk trading within 3 months after 15 trading days from the date of disclosure, with a reduction ratio of no more than 3% of the company's total share capital.

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