Ling Yizhi Manufacturing: Shareholder Zeng Fangqin intends to reduce his holdings in the company by no more than 0.49%.

Lingyizhizao announced on January 16 that a shareholder, Zeng Fangqin, who holds 1.98% of the company's shares, plans to reduce the company's shares by no more than 36 million shares through block trading within 3 months after 15 trading days.