Wanliyang shareholder Shaanxi Intrust plans to reduce stake

Zhejiang Wanliyang (SZSE:002434) announced that shareholder Shaanxi International Trust, acting on behalf of the "Shaanguotou Changfeng No. 52 Single Fund Trust," plans to reduce its stake in the company. Shaanxi Intrust currently holds 79 million shares, representing 6.02% of Wanliyang's total share capital. The reduction plan involves selling no more than 19.689 million shares (up to 1.5% of the total share capital) through a combination of centralized bidding and block trading. Sales via centralized bidding will not exceed 1% of total share capital. The disposal period begins 15 trading days after the announcement date and extends for three months, excluding periods restricted by laws and regulations. The reason cited for the share reduction is the shareholder's own capital needs.