Ningbo Peacebird Fashion (603877.SH) main shareholder Chen Hongchao plans to reduce their stake by no more than 1.42%.

Announcement from Ningbo Peacebird Fashion (603877.SH): Shareholder Chen Hongzhao, who holds more than 5% of the company's shares, plans to reduce his holdings by a total of no more than 6.7487 million shares through centralized auction trading or block trading within 3 months after the disclosure date of this announcement. The total number of shares to be reduced shall not exceed 25% of the total number of shares held by the shareholder and shall not exceed 1.42% of the total number of company shares.