Liaoning Fu-An Heavy Industry's controlling shareholder plans to reduce its shareholding by no more than 3%.

Fuan Technology Co., Ltd. (603315.SH) announced that its controlling shareholder, Fuan Holdings, plans to reduce its holdings of the company's shares by a total of no more than 9.61 million shares through centralized bidding and block trading methods, which is no more than 3% of the company's total share capital.