Jiangsu Feiliks International Logistics Inc. (300240.SZ) controlling shareholder plans to reduce their stake by no more than 2.9874%.

Jiangsu Feiliks International Logistics Inc. (300240.SZ) announced that the company's controlling shareholder, Kunshan Yatong Automobile Maintenance Service Co., Ltd. ("Yatong Auto Repair"), Kunshan Jilida Investment Consulting Co., Ltd. ("Jilida Investment"), and Kunshan Feida Investment Management Co., Ltd. ("Feida Investment") plan to reduce their total holdings of the company's shares by no more than 11.1 million shares through centralized bidding and block trading, accounting for a total of 2.9874% of the company's total share capital.