"High-level takeover invitation letter?" Tonghuashun's controlling shareholder's reason for reducing their stake "passing on the opportunity" ignites public opinion.

On September 6, A-share listed company Flush announced that the company's actual controller and chairman, Yi Zheng, and the concerted action plan to reduce their holdings by no more than 138.31 million shares in the next three months, accounting for 0.26% of the total share capital of the company. Based on the closing price of 361.5 yuan on the announcement date, the cash-out scale of this reduction is as high as 500 million yuan, of which Yi Zheng can cash out 2.48 billion yuan personally. As for the reasons for the reduction, the announcement explained that Kashton is "own fund needs", while Yi Zheng's reduction reasons are quite novel: one is "the phased increase target has been achieved", and the other is "to transfer market participation opportunities, release liquidity, and activate market vitality", this statement quickly sparked heated discussions.