Changchun Yidong Clutch (600148.SH) shareholder FAW Equity Company plans to collectively reduce its shareholding by no more than 3%.

Changchun Yidong Clutch (600148.SH) announced that the company's shareholder FAW Equity Investment (Tianjin) Co., Ltd. (referred to as FAW Equity Company) plans to reduce its holdings of the company's shares through centralized bidding and block trading, totaling no more than 4.2455 million shares, or 3% of the company's total share capital.