Shuhua Sports (stock code 605299.SH) controlling shareholder and actual controller plan to reduce their combined holdings by no more than 3%.

Shuhua Sports (605299.SH) announced that the actual controller and chairman of the company, Mr. Zhang Weijian, plans to reduce his holdings by a quantity of no more than 2,046,132 shares through centralized bidding, representing no more than 0.5% of the total share capital of the company. Mr. Zhang Jinping, the actual controller of the company, plans to reduce his holdings by a quantity of no more than 2,046,132 shares through centralized bidding, representing no more than 0.5% of the total share capital of the company. The controlling shareholder Shuhua Investment plans to reduce its holdings by a quantity of no more than 8,184,530 shares through block trades, representing no more than 2% of the total share capital of the company.