Shandong Hongyu Agricultural Machinery Co Ltd

Hongyu Co. announced on September 27 that Liu Zhihong, a senior manager holding 2.53% of the company, plans to reduce his stake by no more than 1 million shares, or 0.59% of the company's total share capital, through centralized bidding within three months after 15 trading days.

On the evening of September 27, three listed companies, Skyverse Technology, Heda Technology and Hongyu Shares, successively disclosed announcements of share reduction plans by shareholders or senior executives. Shenzhen Xiaonaguang Laboratory Investment Enterprise, a concert party of Skyverse Technology's actual controller, plans to reduce its holdings by no more than 1 million shares through centralized competitive bidding, representing no more than 0.28 percent of the company's total share capital. Heda Technology shareholder Gongqingcheng Dongxing Boyuan Investment Center plans to reduce its holdings by no more than 4.9781 million shares in total, representing no more than 4.64 percent of the company's total share capital, while company director Wang Xiaopeng plans to reduce his holdings by no more than 108,750 shares, representing no more than 0.10 percent of the company's total share capital, with the two reductions combined not exceeding 5.09 million shares. Liu Zhihong, a senior executive of Hongyu Shares, plans to reduce his holdings by no more than 1 million shares through centralized competitive bidding, representing 0.59 percent of the company's total share capital. All three companies stated that these reductions will not lead to a change in company control and will not affect their ongoing operations.