The controlling shareholder of Beinongda Biology (301156.SZ) plans to reduce their stake by not more than 1%.

Zhijing Financial APP News, Meifarm Biological (301156.SZ) announced that the company's controlling shareholder and actual controller Mr. Hong Wei's acting in concert entity Shanghai Quanyu Zhihe Management Consulting Firm (Limited Partnership) (formerly known as Shanghai Quanyu Investment Management Firm (Limited Partnership), referred to as "Quanyu") holds 10.3932 million shares of the company (7.38% of the current total share capital of the company), and plans to reduce its holdings of the company's shares by no more than 1.4078 million shares (not exceeding 1% of the total share capital of the company) through centralized bidding within 3 months after 15 trading days from the disclosure date of the announcement.