Shareholder Sang Peizhou of Shandong Ruifeng Chemical (300243.SZ) plans to reduce his holdings by no more than 2.4 million shares.

Shandong Ruifeng Chemical (300243.SZ) announced that its major shareholder, Mr. Sang Peizhou, who holds 13.0112 million shares of the company's stock (5.1956% of the total share capital), plans to reduce his holdings by a total of no more than 2.4 million shares (0.9584% of the total share capital) through centralized bidding within three months after fifteen trading days from the disclosure date of this announcement.