Wedge Industrial (000534.SZ) controlling shareholder Wanze Group plans to reduce its holdings by up to 8 million shares.

Wedge Industrial (000534.SZ) announced that the company has received a notice from its controlling shareholder Wanze Group regarding their plan to reduce their holdings of Wedge Industrial Limited's shares. The plan is to reduce their holdings by no more than 8 million shares, which is equivalent to 1.6585% of the company's current total share capital (excluding the shares held in the company's repurchase special securities account), and not exceeding 25% of the total number of shares held by Wanze Group and its concerted parties.