genbyte technology inc. announced on the evening of October 28th that the company's controlling shareholder, actual controller, and vice chairman and general manager Tang Juan (directly holding 14.2% of the company's shares) plan to reduce the company's shares by no more than 2,235,600 shares (i.e. no more than 2.00% of the total share capital of the company) through centralized bidding or block trading methods; the company's deputy general manager and CFO, Tang Li (directly holding 0.055% of the company's shares), plans to reduce the company's shares by no more than 10,500 shares (i.e. no more than 0.009% of the total share capital of the company) through centralized bidding methods; the company's deputy general manager and sales director, Fang Shijun (directly holding 0.064% of the company's shares), plans to reduce the company's shares by no more than 10,500 shares (i.e. no more than 0.009% of the total share capital of the company).