Huawei Technologies once fell more than 4%, and Yangyu Management plans to reduce its holdings of the company's shares by no more than 0.83%.

Huawei Technologies' stock price once dropped by 4.27% to 31.4 yuan intraday, but now the stock price has rebounded. Huawei Technologies announced that its shareholder, Suqian Yangyou Enterprise Management Consulting Co., Ltd., plans to reduce its holdings of the company's shares by a total of no more than 1,216,800 shares through block trading and centralized bidding trading within three months after fifteen trading days from the date of this announcement.