Shareholder Ningbo Yixian of Zhejiang Wanfeng Chemical (603172.SH) plans to reduce its shareholding by no more than 3%.

Zhejiang Wanfeng Chemical (603172.SH) announced that the company has recently received a "Notice of Share Reduction Plan" from its shareholder Ningbo Yixian Enterprise Management Consulting Co., Ltd. (referred to as "Ningbo Yixian"). Due to its own capital needs, Ningbo Yixian plans to reduce its holdings of the company's shares by no more than 2,667,600 shares, or 2% of the company's current total share capital, through block trades. It also plans to reduce its holdings of the company's shares by no more than 1,333,800 shares, or 1% of the company's current total share capital, through centralized bidding. The reduction will take place within 90 days after fifteen trading days from the date of this announcement (December 9, 2024 to March 8, 2025).