Pinlive Foods' (300892.SZ) controlling shareholder and acting in concert parties plan to reduce their holdings by no more than 0.53% of the shares.

Pinlive Foods (300892.SZ) announced that the company has recently received a notice of reduction plan from its controlling shareholder and actual controller, Shanghai Xili Enterprise Management Center (Limited Partnership) (referred to as "Xili"). The plan is to reduce the company's shares by no more than 525,000 shares within 3 months after 15 trading days from the date of this reduction plan announcement, through centralized auction or block trading, which is no more than 0.53% of the company's total share capital.