Qinglong Pipe (002457.SZ) controlling shareholder and actual controller plan to reduce their shareholding by no more than 3%.

Tencent Finance APP News, Qinglong Pipe Industry (002457.SZ) announced that the company's controlling shareholder, Ningxia Qinglong Technology Holdings Co., Ltd., and the actual controller, Mr. Chen Jiaxing, plan to reduce their holdings of the company's unrestricted circulating shares by a total of no more than 9.9097 million shares (i.e. not more than 3.00% of the total capital stock excluding the shares in the company's repurchase special account) within 3 months after the disclosure date of this announcement, starting from July 25, 2025 to October 24, 2025, through block trading and centralized bidding.