Chongqing Sanxia Paints (000565.SZ) plans to reduce its stake in Beijing Beilu Pharmaceutical by no more than 3 million shares.

Chongqing Sanxia Paints (000565.SZ) announcement, the board of directors of the company deliberated and approved the proposal to dispose of part of the Beijing Beilu Pharmaceutical stocks. The company intends to sell no more than 3 million shares of Beijing Beilu Pharmaceutical within 3 months after the pre-disclosure announcement of the Beijing Beilu Pharmaceutical reduction plan, using centralized competitive trading, bulk trading, or a combination of both methods on the Shenzhen Stock Exchange. The total number of Beijing Beilu Pharmaceutical stocks to be disposed of accounts for 0.61% of Beijing Beilu Pharmaceutical's total share capital.