Shanghai Wanye Enterprises (600641.SH) plans to reduce its stake by no more than 0.98%, with Sanlin Wanye Enterprises as the second largest shareholder.

Shanghai Wanye Enterprises (600641.SH) announced that due to its own funding needs, the company's second largest shareholder, Sanlin Wanye, intends to reduce its holdings by no more than 9.11 million shares, or 0.98% of the company's total share capital, within three months after the announcement date of the reduction plan, starting from 15 trading days after the announcement date to May 7, 2025.