According to the latest data from the Hong Kong Stock Exchange, on August 7th, POWER RAY INVESTMENT DEVELOPMENT LTD reduced its holdings in REDCO GROUP (01622) by 135 million shares at HK$0.0624 per share, with a total transaction value of HK$8.424 million. Following this reduction, the company's latest shareholding stands at 177 million shares, representing 4.97% of the total shares. This transaction involves a connected party: Wu Lianghao.