Zhejiang Aokang Shoes (603001.SH) shareholders, Xiang Jinyu, plan to reduce their shareholding by no more than 3%.

Zhejiang Aokang Shoes (603001.SH) issued an announcement that due to personal capital needs, shareholder Xiang Jinyu intends to reduce his shareholding of the company by 4 million shares and 8 million shares through centralized bidding and block trading, totaling no more than 12 million shares, or not more than 3% of the company's total share capital.