YuanDao Communication (301139.SZ) major shareholder Weifang Zhongke plans to reduce its holding by no more than 1.01% of the shares.

The Zhitong Finance APP News, Yuandao Communications (301139.SZ) announced that the company's shareholder Haichuang Tiancheng (Qingdao) Equity Investment Fund Management Co., Ltd.- Weifang Zhongke Haichuang Equity Investment Partnership Enterprise (Limited Partnership) (referred to as "Weifang Zhongke") plans to reduce its holdings of the company's shares by no more than 1.22 million shares (not exceeding 1.01% of the company's total share capital) through centralized bidding transactions and block trading methods, within 3 months after 3 trading days following the announcement of this reduction plan.