Qingdao Topscomm Communication shareholder Wang Tianyu plans to reduce his shareholding by no more than 3%.

Qingdao Topscomm Communication (603421.SH) announced that the shareholder Wang Tianyu, who holds more than 5% of the company's shares, plans to reduce his holdings of the company's shares by a total of no more than 19.5 million shares within 3 months after the disclosure of the announcement, starting from the 15th trading day after the announcement, through centralized bidding and block trading methods, with the reduction not exceeding 3% of the total share capital of the company.