Hongcheng Waterworks directors plan to reduce holdings

Jiangxi Hongcheng Waterworks (SSE:600461) announced that several directors and senior managers plan to reduce their holdings in the company. The planned reductions are as follows: Director and General Manager Shao Tao intends to reduce his stake by no more than 142,500 shares; Deputy General Manager Deng Xunyuan, Deputy General Manager Tu Jiancheng, and Deputy General Manager Li Kuan plan to reduce their holdings by no more than 88,700 shares, 88,700 shares, and 75,000 shares, respectively. These reductions represent no more than 25% of their current holdings, and all executives cite personal financial needs. The company will execute trades on the open market. The reduction period is 3 months starting 15 trading days from the announcement date. If the company undertakes stock splits or rights issues during the reduction period, the reduction volume will be adjusted accordingly.