Kingchem announced that its shareholder Qilu Investment plans to reduce its holdings by no more than 3.612 million shares, accounting for 3% of the company's total share capital. Among them, no more than 1.204 million shares will be reduced through centralized bidding, accounting for 1% of the company's total share capital; no more than 2.408 million shares will be reduced through block trading, accounting for 2% of the company's total share capital. Shareholder Qingsong Investment plans to reduce its holdings by no more than 1.204 million shares through centralized bidding, accounting for 1% of the company's total share capital. The reduction period is within three months after fifteen trading days from the date of the announcement
