<p>According to the announcement from SONAVOX (688533.SH), Shangsheng Investment is an employee stock ownership platform established before the company's initial public offering. As of the date of the announcement, due to liquidity needs and the willingness of some personnel to reduce their holdings after retirement, the company received a notice from Shangsheng Investment regarding its plan to reduce its holdings in Suzhou SONAVOX Co., Ltd.: Shangsheng Investment plans to reduce its holdings by no more than 4.8854 million shares through centralized bidding and block trading, with a reduction ratio not exceeding 3%, to be implemented within three months after 15 trading days from the date of the announcement</p>

688533

<p>SONAVOX announced that it plans to reduce its holdings by no more than 3%, totaling no more than 4.8854 million shares. This reduction is due to liquidity needs and the retirement intentions of some personnel, and it is expected to be implemented within 3 months after the announcement is disclosed, within 15 trading days</p>

SONAVOX: SONAVOX Investment plans to reduce its holdings by no more than 3%