Guangzhou LBP Medicine Science & Technology (688393.SH) intends to collectively reduce its shareholding by up to 1%.

Guangzhou LBP Medicine Science & Technology (688393.SH) announced that the company recently received a notice of share reduction plan from its shareholders Zhuji Gaotejia, Chongqing Gaotejia, Hangzhou Gaotejia, and Hangzhou Ruihong. The above-mentioned parties plan to reduce their holdings of the company's shares through the centralized bidding method, not exceeding 935,700 shares (including this number), which is equivalent to 1% of the company's current total share capital. The reduction period will be within 3 months after 15 trading days from the date of this announcement.