Conba Group plans to reduce its shareholding by no more than 1%.

Zhitong Finance APP News, CONBA (600572.SH) announced that its second largest shareholder, CONBA Group, due to funding needs for developing its own business, plans to reduce its holdings of the company's shares through centralized bidding on the Shanghai Stock Exchange within 3 months after 15 trading days from the date of the announcement disclosure. The number of shares to be reduced shall not exceed 25.403 million shares, and the reduction ratio shall not exceed 1% of the company's total share capital.