Sheng Hong Corporation fell by 3.69%. The controlling shareholder Fangxing plans to reduce its holdings by no more than 1 million shares.

Sheng Hong shares fell by 3.69% to 27.95 yuan. Sheng Hong shares announced that Mr. Fang Xing, the company's controlling shareholder, actual controller, chairman, and general manager, plans to reduce his shareholding by a total of no more than 1 million shares through centralized bidding or block trading within 3 months after 15 trading days from the date of the announcement.