Tech company Zai Sheng (603601.SH) shareholder Guo Mao plans to reduce his stake by no more than 3%.

The news was released on the Smart Finance APP that Zai Sheng Technology (603601.SH) announced that the company's shareholder, Mr. Guo Mao, intends to reduce his holdings of the company's shares by no more than 30.9039 million shares through centralized bidding and block trading within 3 months after the date of this announcement, with a reduction ratio not exceeding 3% of the company's total share capital.