Ife Elevators (002774.SZ) controlling shareholder and its concerted action holder collectively reduced their holdings by 1% of the shares.

Ife Elevators (002774.SZ) announced that the company recently received a notice from the actual controlling shareholder, Ms. Luo Aiwen, and her concerted actors Kuaiyi Equity and Hesheng Enterprise regarding the expiration of their share reduction plan. These shareholders will reduce a total of 3.3716 million shares, representing 1% of the total shares.