Shanghai Chemspec Corporation (688602.SH) has multiple shareholders who plan to collectively reduce their holdings by no more than 5.89%.

Shanghai Chemspec Corporation (688602.SH) announces that the company has recently received a "Notice of Share Reduction Plan" from Wuxi Yunhui and its concerted action parties Xingyu Huitian, Tongxiang Jiawo, and its concerted action party Tongxiang Yunhui. Due to their own financial arrangements, Wuxi Yunhui, Xingyu Huitian, Tongxiang Jiawo, and Tongxiang Yunhui plan to reduce their holdings through centralized bidding and block trading according to market conditions. Wuxi Yunhui and Xingyu Huitian plan to reduce their holdings in Shanghai Chemspec Corporation by a total of no more than 15.58125 million shares, accounting for 3% of Shanghai Chemspec Corporation's total shares. Tongxiang Jiawo and Tongxiang Yunhui plan to reduce their holdings in Shanghai Chemspec Corporation by a total of no more than 15.018271 million shares, accounting for 2.89% of Shanghai Chemspec Corporation's total shares.