Peacebird shareholder Chen Hongchao reduces stake by 9.42 million shares, cashing out 108 million yuan

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Peacebird shareholder Chen Hongchao reduced his stake by 9.42 million shares through block trades, accounting for 2.00% of the company's total share capital, with a total transaction value of 108 million yuan. In the first quarter of 2026, Peacebird achieved revenue of 1.656 billion yuan and net profit attributable to the parent company of 137 million yuan.

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Ningbo Peace Bird Fashion
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Major shareholder reduces stake by 9.42 million shares, cashing out 108 million yuan, signaling lack of confidence.

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