91-year-old founder plans to reduce cash outflow by over 200 million yuan, Taoli Bread responds.

Taoli Bakery's controlling shareholder and actual controller, Mr. Wu Zhigang, along with his concerted action person, Xiao Shuyan, plan to reduce their combined holdings of the company by no more than 47.9916 million shares in the next 3 months, with a maximum reduction ratio of 2.999%. The reasons for the reduction are all for personal financial needs. When a reporter called Taoli Bakery as an investor, the staff member on the line said that Mr. Wu Zhigang is already over 90 years old, and he has personal financial needs and arrangements to make, and he has long since withdrawn from the actual management of the company. Although Xiao Shuyan is Wu Zhigang's daughter-in-law, she does not hold a management position in the company and has a relatively small percentage of shares. Moreover, the previous reduction of some of the company's actual controllers was actually a transfer of equity within the company, and not a reduction through the secondary market, as it was "mainly transferred to relatives."