Hongbaoli's largest shareholder and actual controller plan to reduce their holdings by no more than 2%
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According to the announcement from Hongbaoli, the company recently received a notice from its largest shareholder, Baoyuan Investment, and the actual controller of the company, Mr. Rui Jinggong, regarding the plan to reduce their holdings in Hongbaoli. The total number of shares that Baoyuan Investment and Mr. Rui Jinggong intend to reduce is no more than 14.7054 million shares, which does not exceed 2% of the company's total share capital
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