Guangzhou Shangpin Home Collection (300616.SZ) two directors and senior executives plan to reduce their holdings by a total of no more than 4 million shares.

Guangzhou Shangpin Home Collection (300616.SZ) announced that Mr. Peng Jingxiong, a director and senior executive of the company, plans to reduce his holdings of the company's shares through block trades or centralized bidding within 3 months after 15 trading days from the date of this announcement. The reduction amount will not exceed 2 million shares, accounting for approximately 0.89% of the total share capital of the company, or 0.96% after excluding the shares in the company's repurchase special securities account. Mr. Fu Jianping, a director and senior executive of the company, also plans to reduce his holdings of the company's shares through block trades or centralized bidding within 3 months after 15 trading days from the date of this announcement. The reduction amount will not exceed 2 million shares, accounting for approximately 0.89% of the total share capital of the company, or 0.96% after excluding the shares in the company's repurchase special securities account.