Part of Shenzhen Lions King Hi-Tech's (301305.SZ) shareholders intend to cumulatively reduce their shareholding by no more than 1.75%.

Shenzhen Lions King Hi-Tech (301305.SZ) announced that it has recently received a notice from its shareholders Huadi Guangda, Qiandeng Huadi, Liumai Zijiang, and Zijiang Kaiyuan regarding their planned reduction of shares. The four shareholders plan to collectively reduce their holdings by a total of 4.2181 million shares, or up to 1.75% of the company's total share capital, within three months after fifteen trading days from the announcement date through centralized bidding and/or block trades.