Risong Tech shareholders, executives plan share reductions

Guangzhou Risong Intelligent Technology Holding (SSE:688090) announced that several shareholders holding more than 5% of shares, along with some directors, supervisors, and senior managers, intend to reduce their holdings in the company. Shareholder Zhao Wei plans to reduce holdings by no more than 1,883,888 shares, or 2% of the total share capital. Directors and senior managers Yan Xuetao, Liu Erbin, Zheng Delun, Sun Shengjie, and Luo Yuan also plan to reduce their holdings by no more than 360,000, 200,000, 150,000, 150,000, and 3,000 shares, respectively. The reductions will be carried out via either centralized bidding or block trading between March 12, 2025, and June 11, 2025. The reduction prices will be determined by market conditions.