The shareholder Weihai Bochuang and its concerted actions plan to reduce their holdings in Weihai Honglin Electronic (301439.SZ) by no more than 1%.

Weihai Honglin Electronic (301439.SZ) announced that its major shareholder, Weihai Bochuang Equity Investment Center (Limited Partnership) (referred to as "Weihai Bochuang"), along with its concerted parties, Weihai Ruiguan Equity Investment Center (Limited Partnership) and Weihai Ruichuang Investment Center (Limited Partnership), plan to reduce their holdings in the company by no more than 3.891 million shares (accounting for 1% of the company's total equity) through centralized bidding or block trades recognized by the Shenzhen Stock Exchange within three months after the expiration of fifteen trading days from the announcement date.