HAOHAI BIOTEC (06826) shareholder Lou Guoliang intends to reduce his holdings by no more than 1.5 million shares.

HAOHAI BIOTEC (06826) announced that Mr. Lou Guoliang plans to reduce his shareholding in the company by a total of no more than 1.5 million shares, representing no more than 0.6432% of the total share capital of the company of 233,193,695 shares, within 3 months after 3 trading days from the date of this announcement, due to his own financial needs. This reduction will be carried out through a combination of centralized bidding and block trading, with up to 1.5 million shares to be reduced through centralized bidding and up to 1.5 million shares through block trading. The reduction price will be determined based on the secondary market price.