Sinyada (600571.SH) actual controller and controlling shareholder plan to collectively reduce their holdings by no more than 3.27 million shares.

Zhizhong Financial News APP, Xinyada (600571.SH) announced that the actual controller of the company, Guo Huaqiang, and the controlling shareholder Hangzhou Xinyada Electronics Co., Ltd. ("Electronics Company") plan to reduce their stake in the company by no more than 3.27 million shares, accounting for 0.7% of the company's current total share capital.