Zhongfu Shenying Shareholder Plans to Sell Up to 11.7 Million Shares, or 1.3% of Capital

Zhongfu Shenying announced on August 14 that its shareholder Lianyungang Yingyou Technology Co. , Ltd. , which holds a 22.22% stake in the company, plans to reduce its shareholding within three months after fifteen trading days. The reduction, to be conducted through centralized bidding transactions and block trades, will total no more than 11.7 million shares, or no more than 1.3% of the company's total share capital.