Magic Pharmaceuticals: Controlling shareholder's concerted actions intend to reduce their shareholding by no more than 1%.

Magic Pharmaceuticals announced that the company shareholder Zhang Ya plans to reduce her holdings of the company's shares by no more than 10,304,700 shares, accounting for 1.93% of the total share capital, through centralized bidding and block trading due to personal funding needs. The reduction plan will be implemented within 3 months after 15 trading days from the date of the announcement.