WAZAM: Supervisors and executives plan to reduce their holdings by no more than 124,900 shares; the reduction has not yet been implemented

WAZAM announced an unusual fluctuation in stock trading. On July 20, the company announced that the chairman of the supervisory board, Tang Xinqiang, and the vice president and chief financial officer, Yu Gao, plan to reduce their holdings of the company's shares by no more than 114,600 shares and 10,300 shares, respectively, through centralized bidding within three months after the announcement of the reduction plan, not exceeding 25% of their respective holdings. As of now, the aforementioned reduction has not yet been implemented