Shareholder Bao Lifen of Nanjing CIGU Technology Corp., LTD. (688448.SH) plans to reduce their shareholding by no more than 3%.

Nanjing CIGU Technology Corp., LTD. (688448.SH) announced that shareholder Baolifeng plans to reduce its holdings of the company's shares by no more than 214.96 million shares, which is 3% of the total share capital. This will be done through centralized bidding and block trading, with a plan to reduce holdings through centralized bidding not exceeding 71.65 million shares, or 1% of the total share capital; and a plan to reduce holdings through block trading not exceeding 143.3 million shares, or 2% of the total share capital.