Fudan Zhangjiang (01349) shareholder Yang Zongmeng plans to reduce his holdings of the company's shares by no more than approximately 10.36 million shares.

Zhtng Cijng APP news, Fudan Zhangjiang (01349) announced that the company recently received a notice letter from shareholder Mr. Yang Zongmeng regarding the plan to reduce his shareholding of Fudan Zhangjiang. Due to his own capital needs, Mr. Yang Zongmeng plans to reduce his shareholding by no more than 10,365,721 shares through centralized bidding within 3 months after 15 trading days from the date of this announcement, with the planned reduction ratio not exceeding 1.00% of the total share capital of the company.