The actual controller of WENZHOU HONGFENG plans to reduce holdings by no more than 2.52% of shares
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According to the announcement from Zhitong Finance APP, WENZHOU HONGFENG announced that Mr. Chen Xiao, the controlling shareholder and actual controller, plans to reduce his holdings of no more than 12.5 million shares of the company, which is no more than 2.52% of the company's total share capital, within three months after the fifteenth trading day from the date of this announcement (from October 13, 2025, to January 12, 2026, with no reduction during the window period), through a combination of centralized bidding and block trading
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