One of the controlling shareholders of Shenzhen Ysstech Info-Tech (300377.SZ), Tang Qiu, plans to reduce their shareholding by no more than 1.86%.

Shenzhen Ysstech Info-Tech (300377.SZ) announced that Mr. Tang Qiu, a controlling shareholder who owns 10.47% of the company's shares, plans to reduce his holdings by a total of no more than 14 million shares (1.86% of the total share capital) through centralized bidding or block trading within 3 months after 15 trading days from the disclosure date of the announcement.