Sifang Co., Ltd. (601126.SH) main shareholder intends to reduce its holding by no more than 3% of the shares.

Cnstock news app, Sifang shares (601126.SH) issued an announcement, the controlling shareholder Sifang Electric plans to reduce its shares through centralized bidding and block trading within 3 months after the announcement disclosure day, not exceeding 3% of the total share capital of the company, the total number of shares to be reduced is not more than 24,998,040 shares.