Xinhongze (002836.SZ) intends to reduce its holdings by up to 3% of its shares.

China Fortune Financial News APP News, Xinhongze (002836.SZ) announced that its controlling shareholder, Yize Holdings Co., Ltd. (hereinafter referred to as "Yize Holdings"), holds 147 million shares of the company (accounting for 63.74% of the total share capital of the company, and 65.82% excluding the number of shares in the repurchase special account of the total share capital of the company), plans to reduce its holdings of the company's shares by a total of no more than 6.6928 million shares within 3 months after 15 trading days from the date of the announcement, through centralized bidding and block trading methods, with a reduction ratio not exceeding 3% of the total share capital of the company (excluding the shares held in the repurchase special account).