Hanyu Group executives plan share reductions

Hanyu Group Joint-Stock announced that Director and Deputy General Manager Wu Geming plans to reduce his stake by no more than 1,000,000 shares, representing 0.1658% of the total share capital. Wu Geming currently holds 10,154,553 shares or 1.68% of Hanyu Group. Concurrently, persons acting in concert with controlling shareholder Shi Huashan, namely Guo Lihua and Shi Taishan, intend to collectively reduce their holdings by no more than 263,296 shares, equivalent to 0.0437% of the total share capital. Guo Lihua and Shi Taishan currently hold 530,561 and 822,586 shares respectively. The reduction plans will commence 15 trading days after the announcement and continue for three months. The executives cite personal financial needs as the reason for the planned reductions.