Bestechnic (Shanghai) Co., Ltd. (688608.SH) intends to collectively reduce its holdings by no more than 2% of the shares.

Bestechnic (Shanghai) Co., Ltd. (688608.SH) announced that due to their own financial needs, the company's controlling shareholders Liang Zhang, Zhao Guoguang, Tang Xiaodong, and the concerted action parties Ningbo Baibifu, Ningbo Qianbifu, and Ningbo Yibifu plan to collectively reduce their holdings in the company by no more than 201,490 shares, which is equivalent to 1.20% of the current total share capital of the company. In addition, they are not to reduce their holdings by more than 1% of the total shares of the company through centralized bidding trading within any continuous 90-day period. Shareholders Run Yuan I and Run Yuan II, also due to their own financial needs, plan to collectively reduce their holdings in the company by 1,343,500 shares, which is equivalent to 0.80% of the current total share capital of the company.