China Automotive Systems (301215.SZ) shareholder Jiangsu Yueda Group plans to reduce its shareholding by no more than 3%.

Zhtng Cijng APP News, Zhngq Gfn (301215.SZ) released an announcement. Shareholder Jiangsu Yueda Group Co., Ltd. plans to reduce its holdings by a total of no more than 39.717 million shares (3% of the company's total share capital) through centralized bidding and block trading within three months after the disclosure of this reduction plan.