Tianyin Machinery and Electricity (300342.SZ) controlling shareholder, Lanhai Ruixing, intends to reduce its shareholding by no more than 3%.

Chinavision Financial News APP learned that Tianyin Mechanical and Electrical (300342.SZ) announced that the company's controlling shareholder, Foshan Lanhairuixing Equity Investment Partnership Enterprise (Limited Partnership) (hereinafter referred to as "Lanhairuixing"), plans to reduce its holdings of the company's shares through centralized bidding from July 17, 2025 to October 16, 2025, with the number of shares not exceeding 4,250,351 shares (1.00% of the total share capital of the company), and to reduce its holdings of the company's shares through block trades not exceeding 8,500,702 shares (2.00% of the total share capital of the company).