Common people (603883.SH) controlling shareholder plans to reduce their shareholding by no more than 3%.

Financial news app Zhitong reports that Lao Baixing (603883.SH) has announced that the company's controlling shareholder, Lao Baixing Pharmaceutical Group Co., Ltd. (referred to as "Pharmaceutical Group"), plans to reduce its holdings by no more than 22.8029 million shares in total, with a reduction ratio of no more than 3% of the total share capital.