Zhitong Finance App, Shenlian Biotech (688098.SH) announced that the company's shareholder, Shanghai Hongchao Industrial Investment Co., Ltd. (“Shanghai Hongchao”) and its co-actor, Shanghai Fenghong Technology Development Partnership (Limited Partnership) (“Shanghai Fenghong”, formerly known as “Suzhou Longding Venture Capital Enterprise (Limited Partnership)”) reduced their holdings of the company's shares by a total of 9.654,900 shares, accounting for 2.35% of the company's total share capital on the date of this announcement. The reduction period has expired.