Zoy Home Furnishing's largest shareholder plans to reduce their stake by no more than 3%.

Zoy Home Furnishing (603709.SH) announced that Mr. Cao Yong, the actual controller, chairman, and general manager of the company, plans to reduce his holding of company shares by a total of no more than 3.7857 million shares through centralized bidding and block trading within 3 months after the date of this announcement, due to his own funding needs. The total reduction percentage shall not exceed 3% of the company's total share capital.