Shenzhen Fortune Trend Technology (688318.SH) majority shareholder and chairman plans to reduce their stake by no more than 3%.

Shenzhen Fortune Trend Technology (688318.SH) announced that, due to its own funding needs, the company's controlling shareholder, actual controller, chairman, general manager, and core technical personnel Huangshan plan to reduce their holdings of the company's shares through a combination of centralized bidding and block trading. The number of shares to be reduced will not exceed 7.6834 million shares, which is not more than 3% of the total share capital of the company. The reduction will be implemented within 3 months after 15 trading days from the disclosure date of this announcement.