Shenzhen United Winners Laser Co., Ltd (688518.SH) intends to reduce its controlling shareholder's stake by no more than 0.88%.

Shenzhen United Winners Laser Co., Ltd (688518.SH) announced that due to personal fund needs, Mr. Niu Zengqiang, the actual controller of the company, plans to reduce his holdings by a total of no more than 3 million shares through concentrated bidding transactions and block trades, accounting for no more than 0.88% of the total share capital of the company.