Hubei Forbon Technology (300387.SZ) specific shareholder Zhenghong Development plans to reduce their shareholding by no more than 0.59%.

Hubei Forbon Technology (300387.SZ) announced that a specific shareholder, Zhenghong Development Limited (hereinafter referred to as "Zhenghong Development"), plans to reduce its holdings of the company's shares by a total of no more than 1,703,300 shares within 3 months after the disclosure date of this announcement through centralized bidding and block trading, i.e. not more than 0.59% of the total share capital of the company.