Hangcha Group executive completes partial share reduction

Hangcha Group (SSE:603298) announced that Deputy General Manager Wang Guoqiang has reduced his holdings in the company. The reduction occurred through centralized bidding, with Wang selling 17,500 shares, representing 0.0013% of the company's total share capital. The shares were sold at a price of CNY 19.83 each, realizing a total of CNY 347,025. Following the transaction, Wang Guoqiang holds 1,191,939 shares, or 0.0910% of the company. The reduction plan was partially executed, leaving 282,500 shares unreduced at the end of the reduction window. The company stated that the reduction complied with relevant laws and regulations.