HK Stock Market Move | Zhejiang Sanhua Intelligent Controls (02050) fell more than 3% in the morning. Recently, the controlling shareholder, directors, and executives plan to collectively reduce their holdings by no more than approximately 10.2037 million A-shares.

Zhejiang Sanhua Intelligent Controls (02050) fell more than 3% in the morning session, dropping 3.26% as of press time to HK$36.26, with a turnover of HK$664 million. On the news front, on January 22, Zhejiang Sanhua Intelligent Controls announced that the company had recently received a "Notice of Reduction Plan" from its actual controller and chairman, Mr. Zhang Yabo, directors Mr. Wang Dayong, Mr. Ni Xiaoming, Mr. Chen Yuzhong, board secretary Mr. Hu Kaicheng, and CFO Mr. Yu Yingkui. These individuals plan to collectively reduce their holdings of A shares by no more than approximately 10.2037 million shares within 3 months after 15 trading days from the date of the announcement, from February 24, 2026 to May 23, 2026 (excluding the period where reduction is prohibited by relevant laws and regulations).