Shanghai Zhongzhou Special Alloy Materials (300963.SZ) controlling shareholder plans to reduce its shareholding by no more than 1.22%.

Shanghai Zhongzhou Special Alloy Materials (300963.SZ) announced that the company's controlling shareholder and actual controller, Mr. Feng Mingming, plans to reduce his holdings of the company's shares through centralized competitive bidding or block trading within three months after fifteen trading days from the date of this announcement. The total number of shares to be reduced will not exceed 5.6033 million shares, representing a decrease of no more than 1.22% of the company's total share capital.