The controlling shareholder of Qingdao Weflo Valve (002871.SZ), Huilong Management, plans to reduce its shareholding by no more than 0.7664%.

Qingdao Weflo Valve (002871.SZ) announced that the controlling shareholder's concerted action person, Huilong Management Plan, will reduce its holdings of the company's shares by a total of no more than 1.8928 million shares through centralized bidding or block trading within three months after the disclosure of this announcement. This represents a decrease of no more than 0.7664% of the total number of shares held by the company (excluding the shares held by the company's repurchase account), which accounts for 0.7516% of the shares after excluding the shares held by the repurchase account.