Haixin Food: Controlling Shareholders Plan to Reduce Holdings by No More Than 1% of Company Shares

People’s Financial News, March 22 — Haixin Food (002702) announced on March 22 that the company’s controlling shareholder and actual controller, Teng Yongxiong, who holds 14.8% of the shares, along with his concerted action partner Teng Yongyan (the actual controller, director, and general manager of the company), plan to reduce their holdings by a total of no more than 5.4824 million shares (1% of the total share capital excluding shares held in the company’s repurchase account) through centralized bidding due to personal funding needs.

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