Shareholder Shanghai Henglian of Jiangsu United Water Technology (603291.SH) plans to reduce its holding by no more than 582,500 shares.

Jiangsu United Water Technology (603291.SH) announced that its shareholder, Shanghai Henglian, has established an employee shareholding platform for the company's initial public offering and listing. Based on the financial needs of retired employees who have left the company for many years, Shanghai Henglian plans to reduce its shareholding in the company by no more than 582,500 shares, accounting for 0.1376% of the total share capital of the company, through centralized bidding. This will be done within three months after the announcement of the reduction is disclosed, starting from the 15th trading day.