Huading Co. (601113.SH) shareholders plan to collectively reduce their shareholding by no more than 3%.

Sijitong Finance APP News, Huading shares (601113.SH) announced that Development Assets and Hangzhou Yuejun plan to reduce their holdings within 3 months after the announcement of the reduction plan, starting 15 trading days after the announcement, through centralized bidding and block trading methods not exceeding 33.1246 million shares, with a planned reduction ratio not exceeding 3% of the total share capital of the company.