XUELONG Group: Ningbo Lianzhan plans to reduce its holdings by no more than 1.95% of shares

According to the Zhitong Finance APP, XUELONG Group announced that on September 22, 2025, the company received a "Notice of Share Reduction Plan" from Ningbo Lianzhang. Since its establishment in August 2016, Ningbo Lianzhang has never reduced its holdings. Now, due to the personal funding needs of 43 partners, it plans to reduce its holdings of the company's shares by no more than 4.1106 million shares, which is no more than 1.95% of the total shares of the company

According to the announcement from XUELONG Group (603949.SH), on September 22, 2025, the company received a notice from Ningbo Lianzhang regarding the share reduction plan. Since its establishment in August 2016, Ningbo Lianzhang has never reduced its holdings. Now, due to the personal funding needs of 43 partners, it plans to reduce its holdings of the company's shares by no more than 4.1106 million shares, which is no more than 1.95% of the total shares of the company