Xinte Electric (301120.SZ) controlling shareholder, actual controller, and their concerted action parties intend to reduce their shareholdings by no more than 3%.

Intelligent Financial News APP, Xinte Electric (301120.SZ) announced that the company's controlling shareholder, actual controller, and their concerted action parties Mr. Tan Yong, Ms. Zong Lili, Ms. Li Shuqin, and Mr. Zong Baofeng plan to reduce their holdings of the company's shares by no more than 11.1324 million shares within three months after the disclosure date of this announcement, through centralized bidding or block trading. The proportion of the company's total share capital excluding repurchased special securities accounts is 3%.