VRV shareholder plans to reduce stake

Beijing VRV Software (SZSE:300352) announced that shareholder Xu Zifa, currently holding 5.01% of the company's shares, plans to reduce their stake. Xu intends to sell no more than 43,494,723 shares, equivalent to 3.00% of the total share capital. The sales may occur via centralized bidding or block trades within three months after fifteen trading days from the announcement date. The decision is driven by the shareholder's need for funds. The company's board will oversee Xu’s compliance with regulations and timely disclosure. Investors are advised to be aware of investment risks.