Ankai Automobile shareholder plans to reduce holdings

Anhui Ankai Automobile (SZSE:000868) announced that Anhui Province Investment Group, currently holding 7.37% of the company's shares (69,245,331 shares), plans to reduce its holdings. The reduction will be executed through centralized competitive bidding, beginning 15 trading days after this pre-disclosure, and lasting for 90 calendar days. The shareholder intends to sell no more than 9,395,100 shares, not exceeding 1% of Ankai Automobile's total share capital. The share reduction is due to the shareholder's operational needs, and the shares were obtained via agreement transfer. The price will be determined by prevailing market prices at the time of the transactions. The Investment Group is not a controlling shareholder, so the plan is not expected to change the structure of the company.