Shareholder Bi Fang Investment of Shanghai Xintonglian Packing (603022.SH) plans to reduce their shareholding by no more than 3%.

Shanghai Xintonglian Packing (603022.SH) announced that its shareholder Wuhu Yuanchu Bi Fang Investment Center (Limited Partnership) (referred to as "Bi Fang Investment") plans to reduce its holdings of the company's shares through centralized bidding or block trading. The planned reduction of shares shall not exceed 6 million shares, which is not more than 3% of the total share capital of the company.