Director of Zhonghua Geotechnical to reduce shareholding

China Zhonghua Geotechnical Engineering Group announced that director Liu Zhongchi intends to reduce his shareholding in the company. Liu currently holds 33,071,191 shares, representing 1.8311% of the total share capital. He plans to reduce his holdings by no more than 8,267,798 shares, or 0.4578% of the total share capital, through centralized bidding or block trades. The reduction will occur within three months, starting 15 trading days after the announcement date. The price will be determined by the market price at the time of the transactions. The company stated that this reduction plan is consistent with previous disclosures regarding shareholding intentions and that the implementation of the share reduction plan will not cause changes in the company's control.