Magpie: Chen Hongchao plans to reduce his shareholding by no more than 3%.

Sina Finance reported on March 30th that Taiping Bird announced that its shareholder Chen Hongchao plans to reduce his holdings by a total of no more than 14.1322 million shares of the company, accounting for no more than 3% of the total share capital, through centralized bidding trading and block trading from April 7, 2026 to July 6, 2026, due to personal fund requirements. Among them, the reduction through centralized bidding trading will not exceed 4.7107 million shares, and the reduction through block trading will not exceed 9.4215 million shares. If there are changes in the company's shares during the reduction period, such as bonus shares, capital reserve fund increase in share capital, and rights issue, the number of shares to be reduced will be adjusted accordingly.