Part of the shareholders of Wetown Electric Group (688226.SH) plan to collectively reduce their holdings by no more than 1,501,200 shares.

WeTown Electric Group (688226.SH) announced that its shareholders, Jiangsu Weiteng Investment Management Co., Ltd. ("Weiteng Investment") and Zhenjiang Bo'ai Investment Co., Ltd. ("Bo'ai Investment"), plan to collectively reduce their holdings of the company's shares by no more than 1,501,200 shares, accounting for no more than 0.8% of the company's total share capital.