Fei Rongda: the actual controller and its concerted actors intend to reduce their shares by no more than 2%.

Fei Rongda: the actual controller and its concerted actors plan to reduce their holdings of no more than 2% of the shares. Fei Rongda announced that Ma Fei, the company's controlling shareholder, and Huang Zheng, the co-operative, plan to reduce their holdings in the company by way of bulk transactions of no more than 11.56 million shares, that is, no more than 2% of the total share capital of the company.