Shareholder Zhao Dongsheng of Shandong Rike Chemical (300214.SZ) plans to reduce his shareholding by no more than 1.29%.

Shandong Rike Chemical (300214.SZ) announced that Mr. Zhao Dongsheng, a shareholder of the company, plans to reduce his holdings of the company's shares by no more than 5,996,900 shares, or up to 1.29% of the total share capital (1.33% excluding repurchased shares for the special account) through centralized bidding and block trading.