Baichuan Energy (600681.SH) shareholder Cao Fei plans to reduce his stake by no more than 2%.

Zhtng Cijng APP News, Bai Chuan Energy (600681.SH) announced that shareholder Mr. Cao Fei plans to reduce his holdings in the company by no more than 26.8171 million shares, which is not more than 2% of the total share capital of the company, due to personal investment and fund arrangement needs.