China Digital Media (000156.SZ) major shareholder West Lake Electronics Group plans to reduce its shareholding by no more than 1%.

Smart Finance News APP, Huashu Media (000156.SZ) announced that the company's major shareholder, West Lake Electronics Group Co., Ltd., plans to reduce its holdings of the company's shares through centralized bidding from January 14, 2026 to April 13, 2026, not exceeding 18.5293 million shares (not exceeding 1% of the current total share capital of the company).