Xinmeixing: The controlling shareholder intends to reduce its stake in the company by no more than 3%.

Xinmeixing announced on the evening of May 18th that one of the company's major shareholders and actual controllers, He Deping, who holds 31.71% of the shares, plans to reduce his holdings by no more than 8,892,000 shares, which is not more than 3% of the total share capital of the company.