Ningbo Kangqiang Electronics (002119.SZ): Simai intends to reduce its shareholding by up to 1%

Ningbo Kangqiang Electronics (002119.SZ) announced that Ningbo Simax Electronics Technology Co., Ltd., which holds a 6.52% stake in the company, plans to reduce its shareholding by no more than 3.7526 million shares (representing less than 1% of the total share capital of the company) through centralized bidding within three months after fifteen trading days from the disclosure date of the announcement due to its own funding needs.