Hangzhou Advance Gearbox Group's shareholder, Eastern Asset, has completed the reduction of its holdings, with a total reduction of 4.0152 million shares.

Hangzhou Advance Gearbox Group (601177.SH) announced that the shareholder Dongfang Asset has completed the implementation of its plan to reduce its holdings through centralized bidding, selling 4.0152 million shares of the company, accounting for 0.984% of the total share capital.