The shareholder East Group Co., Ltd. (300376.SZ) plans to reduce its shareholding by no more than 3%.

Announcement from East Group Co., Ltd. (300376.SZ): The company's largest shareholder, Yangzhou Eastern Group Co., Ltd. (referred to as "Eastern Group"), plans to reduce its total shareholding in the company by no more than 68.885 million shares within three months after the disclosure date of this announcement, i.e. not exceeding 3.00% of the total share capital of the company excluding repurchased shares.