Huaqin Co.,Ltd. (SHSE: 603296) has issued a notice regarding a planned reduction in shareholdings by its employee shareholding platforms.

According to the announcement, the platforms Hainan Qinyuan, Hainan Chuangjian, and Hainan Huaxiao intend to sell part of their holdings to meet their own funding requirements.

The proposed share sale is set to commence 15 trading days after the disclosure of this plan and will be carried out over a three-month period.

The shares will be sold through both centralized bidding and block trading methods on the exchange.

The total number of shares to be sold will not exceed 4.1057 million, which represents no more than 0.27% of the company's total issued share capital.