Rutong Petro-Machinery executive plans to reduce stake

Jiangsu Rutong Petro-Machinery (SSE:603036) announced that senior executive Zhen Guoyi plans to reduce his stake in the company through centralized bidding. Zhen currently holds 107,900 shares, representing 0.0524% of the company's total share capital. The planned reduction involves up to 26,000 shares, or 0.0126% of total equity. The reduction will be made at market prices within a three-month window, starting 15 trading days after the announcement, which was made on February 18, 2025. The executive's decision to reduce his holdings is based on personal financial needs. The company has confirmed that the planned reduction aligns with relevant regulations and does not violate any prior commitments made by the executive.