Allied Machinery (605060.SH): Employee stock ownership platforms plan to collectively reduce holdings by no more than 1% of shares.

Allied Machinery (605060.SH) announced that the company recently received the "Notice Letter Regarding the Proposed Reduction of Company Shares" issued by Huzhou Xuteng, Huzhou Jiahong, Huzhou Shuoyi, and Huzhou Xunjia, parties acting in concert with one of the controlling shareholders. Due to employee funding needs, the above-mentioned employee stock ownership platforms plan to reduce their holdings of company shares through centralized bidding within 3 months after 15 trading days from the date of disclosure of the reduction plan (no reduction during the window period). The number of shares to be reduced shall not exceed 2.4058 million shares, and the reduction ratio shall not exceed 1% of the company's total share capital. The reduction price shall be determined based on market prices.