Suning.com: Hangzhou Haoyue plans to reduce its holdings of the company's shares by no more than 2.85%.

Recently, Suning released an announcement that its shareholder, Hangzhou Haoyue Enterprise Management Co., Ltd., plans to reduce its shareholding. As of the date of the announcement, Hangzhou Haoyue holds 1,861,076,927 shares of the company, accounting for 20.09% of the total share capital. Based on its own business arrangements, it plans to sell a total of no more than 262,631,578 shares through centralized bidding and block trading within three months after the disclosure of the pre-disclosure announcement, starting from the date of the announcement, representing 2.85% of the total share capital after deducting the number of shares in the repurchase account. This reduction plan is subject to uncertainties and will not lead to changes in the company's control or affect its ongoing operations.