Shenzhen FRD Science & Technology (300602.SZ) controlling shareholder Ma Fei and another concerted action party plan to collectively reduce their shareholding by no more than 2.3553%.

Shenzhen FRD Science & Technology (300602.SZ) announced that the company recently received a notice from the company's controlling shareholder and actual controller, Mr. Ma Fei, and his concerted action person, Ms. Huang Zheng, and Feichi Investment, regarding their plan to reduce their holdings of Shenzhen FRD Science & Technology Co., Ltd. The above-mentioned shareholders intend to reduce their holdings of the company's shares by a total of 13.7044 million shares, accounting for 2.3553% of the company's total share capital.