Sinostar Cable (300933.SZ) controlling shareholder Zhongchen Holdings intends to reduce its shareholding by no more than 3%.

Sinostar Cable (300933.SZ) announcement, the company's controlling shareholder Zhongchen Holdings Limited plans to reduce its holdings of the company's shares by a total of no more than 16.4127 million shares (3.00% of the total share capital of the company) through centralized bidding or block trading within 3 months after 15 trading days from the date of this announcement.