An announcement from Suzhou Sepax Technologies Co.,Ltd. (ASX: 688758) reveals that a major shareholder plans to reduce its holdings.

The shareholder, Anhui Tonghua High-Tech Center (Limited Partnership), which holds more than 5% of the company's shares, intends to sell up to 10.41 million shares.

This divestment, representing no more than 2.5% of the company's total share capital, will be executed through both block trades and centralized bidding on the exchange.