New Hope Dairy's controlling shareholder plans to reduce their holdings by no more than 3%.

New Hope Dairy (002946.SZ) announced that its controlling shareholder, Universal Dairy Limited (referred to as "UDL"), which holds 65.07% of the company's shares, plans to reduce its holdings by a total of no more than 25.82 million shares within 3 months after the announcement date, 15 trading days after the announcement. This reduction will be done either through centralized bidding or block trading, and will not exceed 3% of the company's total share capital. Specifically, UDL plans to reduce its holdings by no more than 8.61 million shares (1% of the current total share capital) through centralized bidding, and by no more than 17.21 million shares (2% of the current total share capital) through block trading.