Xinling Electric (301388.SZ) and its controlling shareholder and concerted action parties plan to reduce their shareholding by no more than 3%.

Wisdom Financial News App news, XINLING Electric (301388.SZ) announced that the company's controlling shareholder and actual controller, Mr. Hu Zhixing, Mr. Hu Zhilin and their concerted action parties Xin Yit, Xin Yijia, Xin Zheming, Mr. Qu Jianguang, and Ms. Hu Xiaofang plan to reduce their holdings in the company by a total of no more than 3,072,700 shares (3% of the company's total share capital) through centralized bidding or block trading within 3 months after the announcement disclosure date (i.e. from June 25, 2026 to September 24, 2026).