Honor Technologies dropped more than 6% at one point, and the controlling shareholder plans to reduce their company's shares by no more than 1%.

Hongxin Technology's stock fell 6.54% to 12.01 yuan at one point during today's trading, hitting a new low since early May. Hongxin Technology announced that its controlling shareholder, RED FACTOR LIMITED, plans to reduce its stake through centralized bidding by no more than 4.0421 million shares, or 1% of the company's total share capital. The reduction period is 3 months, starting 15 trading days after the announcement disclosure date.