Pingwo Food: Shareholder Wu Baigeng intends to reduce his stake in the company by no more than 3%.

Pinwu Foods announced in the evening of April 27th that shareholder Wu Baigeng, who holds 14.37% of the shares, plans to reduce his holdings by a total of no more than 2.9701 million shares within 3 months after 15 trading days through centralized auction trading and block trading, that is, not more than 3% of the total share capital of the company.