Gelong Hui (002842.SZ) announced that the company recently received a "notification letter" from Chaozhou Qilong Trading Co., Ltd. ("Qilong Trading") and Chen Weidong, who hold more than 5% of the company's shares. Qilong Trading and Chen Weidong plan to reduce their holdings of the company through block transactions to a total of no more than 5.460032 million shares, or no more than 2 per cent of the company's total share capital.
Both Qilong Trading and Chen Weidong have reduced their holdings of no more than 2730016 shares of the company through bulk trading (each accounting for 1% of the company's total share capital). It will be implemented within 6 months after 3 trading days from the date of disclosure of this announcement (the window period and other laws and regulations stipulate that the holdings shall not be reduced).