Yinbang Co., Ltd. (300337.SZ) shareholder Newbang Technology plans to reduce its shareholding by no more than 1%.

Smart Financial News APP, Yinbang Stock (300337.SZ) announced that the company's shareholder, Wuxi Xinbang Technology Co., Ltd. (referred to as "Xinbang Technology"), plans to reduce its holdings of the company's shares through centralized bidding trading by no more than 8.2192 million shares, corresponding to no more than 1% of the company's total share capital.