Anhui Conch Cement, a shareholder of Anhui Xinli Finance (stock code 600318.SH), plans to reduce its stake by no more than 1%.

Announcement from Anhui Xinli Finance (600318.SH): Shareholder Anhui Conch Cement Co., Ltd. ("Anhui Conch Cement") plans to reduce its shareholding in the company by no more than 5.1272 million shares, or 1% of the total share capital, through centralized bidding transactions on the Shanghai Stock Exchange within 3 months after 15 trading days from the date of the announcement.