Xi'an ChenXi Aviation Technology Corp., Ltd. (300581.SZ) controlling shareholder's concerted action respondents reduced their shareholding percentage by 1.05%.

Xi'an ChenXi Aviation Technology Corp., Ltd. (300581.SZ) announced that the controlling shareholder of the company, Xi'an TIME INTERCON Co., Ltd. (referred to as "TIME INTERCON"), and the concerted action person Nanjing Huanyu Xingkong Technology Co., Ltd. (referred to as "Huanyu Xingkong"), collectively reduced their holdings in the company by a total of 5.7794 million shares through centralized bidding and block trading, reaching 1.05% of the company's total share capital.