Hongquan Technology (688288.SH) shareholder Qianfang Technology plans to reduce its shareholding by no more than 3%.

China Fortune Financial News App reports that Hongquan Technology (688288.SH) announced that its shareholder Qianfang Technology plans to reduce its holdings by a total of 2.9944 million shares, or no more than 3.00% of the company's total share capital, through centralized bidding and block trading.