HaiXin Foods (002702.SZ) controlling shareholder Teng Yongxiong and concerted parties intend to reduce their shareholding by no more than 1%.

Hai Xin Food (002702.SZ) announced that the company's controlling shareholder and actual controller, Teng Yongxiong, as well as the concerted action person Teng Yongyan, plan to reduce their total holdings of the company's shares by a centralized auction method, not exceeding 5.4824 million shares (1% of the total share capital excluding the shares held in the company's repurchase special account).