Changchun Yidong announces that FAW Equity Company plans to reduce its holdings by a total of no more than 4,245,493 shares through centralized bidding transactions and block trades, representing no more than 3% of the company’s total share capital. Among these, the reduction through centralized bidding transactions shall not exceed 1% of the company’s total shares within any consecutive 90 days, which is no more than 1,415,164 shares; the reduction through block trades shall not exceed 2% of the company’s total shares within any consecutive 90 days, which is no more than 2,830,329 shares.
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Changchun Yidong: FAW equity company reduces its stake by 3%
Changchun Yidong announces that FAW Equity Company plans to reduce its holdings by a total of no more than 4,245,493 shares through centralized bidding transactions and block trades, representing no more than 3% of the company’s total share capital. Among these, the reduction through centralized bidding transactions shall not exceed 1% of the company’s total shares within any consecutive 90 days, which is no more than 1,415,164 shares; the reduction through block trades shall not exceed 2% of the company’s total shares within any consecutive 90 days, which is no more than 2,830,329 shares.