Riyue Heavy Industry director plans share reduction

Riyue Heavy Industry (SSE:603218) announced that Director and Board Secretary Wang Ye plans to reduce his holdings in the company. The proposed reduction involves selling no more than 138,200 shares, representing approximately 0.0134% of the company's total share capital. Wang Ye currently holds 552,900 shares, or 0.0537% of the total shares outstanding, acquired through equity incentives and share increases. The sale will occur via centralized bidding within a three-month period, starting 15 trading days after the announcement date, and is driven by Wang Ye's personal financial needs. The company will monitor the share reduction and fulfill disclosure obligations.