Qianhong Pharmaceutical (002550.SZ) shareholder Zhao Gang and its concerted action intend to reduce their holdings by no more than 20.9 million shares.

Zhijing Finance APP News, Qianhong Pharmaceutical (002550.SZ) announced that Mr. Zhao Gang, a shareholder of the company, and his concerted action person Jianxin Fund - Zhao Renyi - Jianxin Xinxing No. 1 Single Asset Management Plan plans to reduce their company's shares through centralized bidding and block trading methods within three months after 15 trading days from the disclosure date of this announcement, not exceeding 20.9 million shares (1.63% of the company's current total share capital, and 1.67% of the total share capital excluding the shares held in the repurchase special account).