Shareholders plan to reduce their holdings, Mengguli fell by more than 9%, hitting a new monthly low.

Mengguli's drop widened to over 9%, hitting a new monthly low of 17.82 yuan, with a total market value of 8.2 billion yuan. In news, Mengguli issued a notice of reduction of shares, with shareholders Qingcheng Purun Lefkowitz Investment Partnership Enterprise, Lu Chunquan, Yancheng Xinli Cheng Technology Co., Ltd., and Lianyungang Honglai Enterprise Management Partnership Enterprise planning to reduce the company's shares by no more than 22.98 million shares, with a reduction ratio not exceeding 5% of the total share capital. It is also reported that the company has announced a reduction plan twice in the past three years.