One of the controlling shareholders of Guofang Group (601086.SH) and its concerted parties intend to reduce their total holdings by no more than 1.45%.

Wisdom Financial News APP News, Guofang Group (601086.SH) announced that Mr. Zhang Guofang, due to personal fund needs, plans to reduce his holdings through centralized bidding trading within 90 days after 15 trading days from the date of this reduction plan announcement, under the premise of compliance with laws and regulations. The number of shares to be reduced shall not exceed 6.66 million shares, accounting for no more than 1% of the total share capital of the company.