Shareholder Ruan Jilin of Zhejiang Baida Precision Manufacturing Corp. (603331.SH) plans to reduce his shareholding by no more than 2.97%.

Zhejiang Baida Precision Manufacturing Corp. (603331.SH) announced that the shareholder Ruan Jilin, who owns more than 5% of the company's shares, intends to reduce his holdings by 2 million shares through centralized bidding, representing 0.99% of the company's total share capital; and by selling 4 million shares through block trades, representing 1.98% of the company's total share capital, due to his own funding needs.