Leshan Giantstar Farming & Husbandry Corporation (603477.SH) is planning to reduce its stake in the company by no more than 2% as proposed by Houbang Group.

Leshan Giantstar Farming & Husbandry Corporation (603477.SH) announced that, according to the funding arrangement of the Hobbes Group, they plan to reduce their company's shares by no more than 5,100,703 shares through centralized bidding, with a reduction ratio not exceeding 1% of the total number of company shares; they also plan to reduce their company's shares by no more than 5,100,703 shares through block trading, with a reduction ratio not exceeding 1% of the total number of company shares.