Several directors of Weihai Guangwei Composites (300699.SZ) plan to collectively reduce their holdings by no more than 2.7 million shares.

Weihai Guangwei Composites (300699.SZ) announces that the company's directors Lu Zhaojun, Wang Wenyi, and senior management Lin Fengsen, Wang Yingchao, Gao Changxing plan to reduce their holdings of the company's shares by a total of no more than 2.7 million shares through centralized bidding and block trading within three months after the disclosure of this announcement and fifteen trading days later.