The actual controller of Yanmade plans to reduce holdings of no more than 2% of shares
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According to the announcement from Yanmade, the company recently received a "Notice Letter" regarding the share reduction plan from Ms. Liu Yan. Due to her own funding needs, the controlling shareholder and actual controller, Ms. Liu Yan, intends to reduce her shareholding in the company by no more than 2.912 million shares through block trading. The reduction will be implemented within three months after the announcement of the reduction plan, and the reduction ratio will not exceed 2% of the company's total share capital
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