Hwa Create exec plans to reduce stake

Beijing Hwa Create Communication Technology Co. (SZSE:300045) announced that Vice Chairman and General Manager Wang Wei plans to reduce his stake in the company. Wang currently holds 673,500 shares, representing 0.1016% of the total share capital. He intends to sell up to 168,375 shares, or 0.0254% of the company's total equity. The reduction will occur via centralized bidding or block trades within three months after 15 trading days from the announcement date. Wang cited personal financial needs as the reason for the share reduction. The shares subject to the reduction are those issued before the company's initial public offering. Hwa Create stated the reduction plan aligns with relevant laws and regulations.