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Guangbo Co., Ltd.: Ren Hangzhong plans to reduce his holdings by no more than 2% of the company's shares.
Jin10 reported on May 6 that Guangbo Co., Ltd. announced that director Ren Hangzhong plans to reduce his shareholding in the company by no more than 10.5422 million shares through Block Trading within three months after the announcement date, accounting for 1.97% of the company's current total share capital. Mr. Ren currently holds 54.9916 million shares of the company, accounting for 10.29% of the company's current total share capital. The reason for the reduction is personal funding needs, and the reduction price will be determined based on the Secondary Market price at the time of the reduction.