Shareholders and senior management of Shengyi Technology (600183.SH) plan to collectively reduce their holdings by no more than 1.03% of the company's shares.

Shengyi Technology (600183.SH) announced that Guangxin Group plans to reduce its holdings of the company's unrestricted tradable shares by no more than 24.29 million shares, or 1% of the total share capital, through block trading or bulk trading within three months after the announcement date. The reduction will be based on the market price at the time of implementation. Mr. Chen Renxi and Mr. Lin Daohuan also plan to reduce their holdings of the company's unrestricted tradable shares by no more than 63.66 thousand shares and 150 thousand shares respectively, not exceeding 25% of their total holdings, through block trading within three months after the announcement date. The reduction will be based on the market price at the time of implementation to meet their own financial needs.