Changsheng Bearing (300718.SZ) controlling shareholder and concerted action person Sun Weiqing plans to reduce his shareholding by less than 2%.

Zhixin Finance and Economics APP News, Changsheng Bearings (300718.SZ) announced that Ms. Sun Weiqing, the actual controller of the company's concerted action parties, plans to reduce her holdings of the company's shares in a block trade within one month after the disclosure of this announcement, not exceeding 5.94 million shares (1.99% of the total number of company shares, or 2.00% after excluding the number of shares in the company's repurchase special account).