The actual controller of FRD, Ma Fei, and his concerted parties plan to reduce their holdings by no more than 2.3553% of the shares
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According to the Zhitong Finance APP, FRD announced that the company recently received a notice from its controlling shareholder and actual controller Mr. Ma Fei, along with his concerted actor Ms. Huang Zheng and Feichi Investment, regarding their plan to reduce their holdings in Shenzhen FRD Technology Co., Ltd. The aforementioned shareholders plan to collectively reduce their holdings by 13.7044 million shares, accounting for 2.3553% of the company's total share capital
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