Nanxing Machinery (002757.SZ) controlling shareholder and general manager plan to reduce their total shareholding by no more than 2.998%.

Nanxing Machinery (002757.SZ) announced that its controlling shareholder, Dongguan Nanxing Industrial Investment Co., Ltd. (referred to as "Nanxing Investment"), plans to reduce its holdings of the company's shares by up to 143,200 shares through centralized bidding, accounting for no more than 0.048% of the total share capital. The company also plans to reduce its holdings of the company's shares by up to 5,909,100 shares through block trading, accounting for no more than 2% of the total share capital. In total, the company plans to reduce its holdings of the company's shares by up to 6,052,300 shares, accounting for no more than 2.048% of the total share capital. One of the actual controlling shareholders, directors, and general manager of the company, Mr. Zhan Rening, plans to reduce his holdings of the company's shares by up to 2,811,400 shares through centralized bidding, accounting for no more than 0.95% of the total share capital.