Nine Continents Group (300040.SZ) intends to reduce its holdings by no more than 1.7644% of the shares, in agreement with the controlling shareholder.

APP News, Nine Continent Group (300040.SZ) announced that the actual controller of the company, Shanghai Muxin Private Equity Fund Management Co., Ltd.- Muxin Tianzehui No. 3 Private Equity Securities Investment Fund Plan, will reduce its holdings of the company's shares by 10,639,200 shares (1.7644% of the total share capital of the company) through centralized bidding or block trading within 3 months after 15 trading days from the date of this announcement (from June 3, 2025 to September 2, 2025).