Zhejiang Shibao (01057) major shareholder plans to reduce its holdings by no more than approximately 822.63 million shares of the company.

Zhongtong Finance and Economics APP News, Zhejiang Shibao (01057) announced that the company recently received a "Notice of Planned Reduction of Company Shares" from the company's controlling shareholder Zhejiang Shibao Holdings Group Co., Ltd. Shibao Holdings plans to reduce the company's A-shares by a total of no more than 8,226,323 shares within 3 months after the date of this announcement (from July 10, 2025 to October 7, 2025), which is within 15 trading days, not exceeding 1% of the company's total share capital.