Bestway Marine & Energy Technology's second largest shareholder, Great Wall Asset, plans to reduce its stake by no more than 1%.

Bestway Marine & Energy Technology (300008.SZ) announced that the company's second largest shareholder, China Greatwall Technology Group Asset Management Co., Ltd. (hereinafter referred to as "Greatwall Asset"), plans to reduce its holdings of the company's shares by no more than 17.28 million shares (1% of the company's total share capital) through centralized bidding or block trading within 3 months after the publication of this reduction plan announcement. This will be done 15 trading days after the publication of the announcement.