Hewang Electric (603063.SH) senior executives plan to reduce their holdings of company shares.

Zhijing Finance and Economics APP News, He Wang Electric (603063.SH) announced that, starting from the disclosure date of the announcement, within 3 months after 15 trading days (not reducing holdings during the window period), Mr. Wang Yan, the company's Vice General Manager, intends to reduce his holdings by no more than 812,500 shares through centralized bidding trading method, accounting for 0.1786% of the company's total share capital; Mr. Zhou Dangsheng, the company's Vice General Manager and Chief Technical Officer, intends to reduce his holdings by no more than 1.1 million shares through centralized bidding trading method, accounting for 0.2418% of the company's total share capital; Mr. Xiao Anbo, the company's Vice General Manager and Chief Operating Officer, intends to reduce his holdings by no more than 946,000 shares through centralized bidding trading method, accounting for 0.2079% of the company's total share capital; Mr. Chen Wenfeng, the company's Vice General Manager and Chief Financial Officer, intends to reduce his holdings by no more than 55,000 shares through centralized bidding trading method, accounting for 0.0121% of the company's total share capital. The reduction price will be determined based on the market price at the time of implementation.