Sanfeng Intelligent Equipment Group (300276.SZ) director Chen Wei and its concerted action person Chen Gongcen plan to reduce their shareholding by no more than 2.85%.

Sanfeng Intelligent Equipment Group (300276.SZ) announced that the company's shareholder and director Mr. Chen Wei and his concerted action person Mr. Chen Gongcen plan to reduce their shareholding in the company by no more than 39.8753 million shares (up to 2.85% of the total share capital) through centralized bidding or block trading within three months after fifteen trading days from the disclosure of this reduction announcement.