Tongyi Corporation (300538.SZ) is planning to collectively reduce its stake by no more than 3% with multiple directors and senior executives.

Information from the cnfol APP, Tongyi Shares (300538.SZ) announced that the company's controlling shareholder, actual controller, and chairman Mr. Shao Yunan, director and vice general manager Mr. Wu Shuyong, and vice general manager Mr. Hua Qingchun plan to reduce their total number of shares by no more than 5.57 million shares (including this number), which is not more than 3.00% of the company's total share capital.