China Grande Corporation, the second largest shareholder of Tianhai Defense (stock code: 300008.SZ), plans to reduce its shareholding by no more than 1%.

Zhito Finance APP news, Tianhai Defense (300008.SZ) announced that the company's second largest shareholder, China Great Wall Asset Management Co., Ltd. (hereinafter referred to as "Great Wall Asset"), plans to reduce its holdings of the company's shares by no more than 17.28 million shares (1% of the company's existing total share capital) through centralized bidding or block trading within 3 months after 15 trading days from the date of this reduction plan announcement.