Tai Ping Bird (603877.SH) shareholder Chen Hongchao plans to reduce his shareholding by not more than 3%.

Hexun Finance News APP News, TAiping Bird (603877.SH) announced that Mr. Chen Hongzhao plans to reduce his holdings by no more than 14.1322 million shares of the company within 3 months from the date of the announcement, through centralized bidding, block trading, due to personal fund needs. The total number of shares to be reduced shall not exceed 3% of the total number of shares of the company.