Shareholder reduces Wanliyang stake below 5% threshold

Zhejiang Wanliyang announced that Shaanxi International Trust has completed its shareholding reduction plan, selling 13.37 million shares between May and July.

The trust sold shares via centralized bidding at an average price of 7.90 yuan per share and block trading at 8.00 yuan per share. Following the transaction, the trust's stake fell from 6.02% to 5% of the company's total share capital.