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        Xiangyang Bearing: 2.29% shareholder reduction


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On the evening of September 4, a pre-disclosure announcement on shareholder's shareholder reduction plan was issued. The specific shareholder, ShangBan Fund Management Co., Ltd., which holds 2.29% of the company's total equity, plans to conduct a centralized bidding transaction (to be implemented within six months after the fifteen trading days from the date of the announcement) or a large-scale transaction (to be carried out in this company). Within six months from the date of issuance of the notice, the reduction of the company's shares shall not exceed 10,532,000 shares, accounting for 2.29% of the company's total equity.

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