Rongxin Culture: The controlling shareholder, actual controller, and concerted actors plan to collectively reduce their holdings by no more than 3% of the company's shares

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People’s Financial News, April 8 - Rongxin Culture (301231) announced on April 8 that the company’s controlling shareholder, actual controller, Chairman and General Manager Wang Yihua, and the concerted action partner Xi’an Lelequ Investment Partnership (Limited Partnership), the company’s actual controller, Director Yan Hongbing, plan to reduce their holdings by no more than 2.4897 million shares through centralized bidding and block trades, which is no more than 3% of the total share capital excluding the company’s repurchase-specific securities account. The company’s senior management, Wang Wei, plans to reduce his holdings by 1,000 shares through centralized bidding, accounting for 0.0012% of the total share capital excluding the company’s repurchase-specific securities account.

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