Shareholder Beijing Beilu Pharmaceutical(300016.SZ) Three Gorges Paint and Director Zong Li plan to reduce their holdings by 3,040,800 shares.

Beijing Beilu Pharmaceutical (300016.SZ) announced that the company has received a "Stock Reduction Plan Notification Letter" from Three Gorges Paint, a shareholder holding more than 5% of the company's shares, as well as from Ms. Zong Li, a director and deputy general manager. The above-mentioned shareholders plan to reduce a total of 3.048 million shares.