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Zhejiang Wen Film Industry: Qian Wenlong plans to reduce his holdings by no more than 1.0728% of the company's shares.
On March 24, Jin10 reported that Zhejiang Wen Film Co., Ltd. announced that shareholder Qian Wenlong plans to reduce his holdings by no more than 12.45 million shares, accounting for 1.0728% of the company’s total equity, within three months after the 15 trading days following the announcement date, through centralized bidding or Block Trading. Qian Wenlong holds 70.4745 million shares of the company, accounting for 6.0726% of the total equity. The reduction price will be determined at market price, and the reason for the reduction is personal funding needs. This reduction plan will not have a significant impact on the company’s governance structure and sustainability.