XINTEDIANQI (301120.SZ) controlling shareholder and its concerted action party plan to reduce their shareholding by no more than 3%.

China Fortune Financial News App: Xin Te Electric (301120.SZ) announced that the company's controlling shareholder, actual controller, and their concerted action parties Tan Yong, Zong Lili, Li Shuqin, and Zong Baofeng collectively hold 202 million shares of the company, accounting for 54.19% of the total share capital of the company. They plan to reduce the number of company shares by no more than 11.1937 million shares, accounting for 3% of the total share capital of the company through centralized bidding or block trading within three months after the disclosure of the announcement for fifteen trading days.