Changzhou Nrb Corporation (002708.SZ) Director Cheng Shangnan and its concerted parties plan to collectively reduce their shareholdings by no more than 1.78%.

Changzhou Nrb Corporation (002708.SZ) announced that shareholder and director Cheng Shangnan and Changzhou Xinde Investment Co., Ltd. ("Xinde Investment") are acting in concert, holding a total of 42.5311 million shares of the company (7.57% of the total share capital). They plan to reduce their stake in the company by 9.9817 million shares (1.78% of the total share capital) through centralized bidding or bulk trading within three months after 15 trading days from the date of this announcement.