Chairman Wang Yapeng of Sino Grandness (02603.HK) intends to reduce his holdings of the company's shares by no more than 3.04 million shares.

Zhixin Financial APP news, Jihong Stock (02603.HK) announced that the company recently received a "Notice of Share Reduction Plan" issued by Chairman Wang Yapeng. Mr. Wang Yapeng plans to reduce the number of shares held by no more than 3.04 million shares. This represents a proportion of no more than 0.67% of the company's current total share capital of 453 million shares, a proportion of no more than 0.69% of the total share capital of 443 million shares after excluding shares held in the repurchase account, a proportion of no more than 0.79% of the total share capital of 385 million A-shares of the company, and the number of shares to be reduced does not exceed 25% of the total number of A-shares held by him.