Online Chinese: Directors and executives plan to collectively reduce their holdings by no more than 877,100 shares.

Chinese online announced on the evening of May 12 that directors Zhang Fan, director and executive vice president Xie Guangcai, chief operating officer Yang Ruizhi, and vice president and corporate secretary Wang Jingjing plan to reduce their total holdings by no more than 877,100 shares, which is equivalent to 0.1203% of the company's total share capital.