Zhitong Finance App News, Changlian Shares (603648.SH) issued an announcement. As of the disclosure date of this holdings reduction plan, Jia Rong Investment Co., Ltd. (hereinafter referred to as “Jia Rong Investment”) held 15.3631 million shares of Shanghai Changlian International Logistics Co., Ltd. (hereinafter referred to as the “Company”), accounting for about 4.24% of the company's total share capital. All of these shares were held before the company's initial public offering of shares. These shares were lifted and listed for circulation on September 13, 2018.

Jia Rong Investment plans to reduce its holdings within three months after three trading days from the date of publication of this announcement, that is, from February 19, 2024 to May 18, 2024, through centralized bidding and bulk trading methods in the Shanghai Stock Exchange trading system. It plans to reduce its holdings by no more than 10.8724 million shares of the company's shares, accounting for 3% of the company's total share capital.