According to the Zhitong Finance App, Xincheng (300778.SZ) announced that the company's shareholder Dongtai Wangyuan Technology Co., Ltd. (“Wangyuan Technology” for short) plans to reduce the company's total share holdings by no more than 4,089,500 shares through centralized bidding or bulk transactions (accounting for 2% of the company's current total share capital). Shareholder Shenzhen Yuanfang Industrial Co., Ltd. (“Yuanfang Industrial” for short) plans to reduce the total number of shares held in the company by no more than 4,089,500 shares through centralized bidding or bulk transactions (accounting for 2% of the company's current total share capital).