Chinese drone manufacturer Zhongneng Technology (688297.SH): China Aviation Phase I Fund plans to reduce its shareholding by no more than 1%.

Zhijing Finance and Economics APP news, Zhongwurenji (688297.SH) announced that the company recently received a "Notice of Share Reduction Plan" from its shareholder AVIC Rongfu Fund Management Co., Ltd.-Beijing AVIC Phase I Aviation Industry Investment Fund (Limited Partnership) (referred to as "AVIC Phase I Fund"). Due to the expiration of the fund's term, the AVIC Phase I Fund plans to reduce its holdings of the company's shares by no more than 6.75 million shares (i.e. no more than 1% of the company's total share capital) through centralized trading within 3 months after 15 trading days from the date of the announcement.