Zhitong Finance App News, Xinghu Technology (600866.SH) announced that the daily closing price increase deviation value of the company's stock reached 20% for 3 consecutive trading days on May 7, May 8, and May 9, 2024, which is a situation where stock trading fluctuates abnormally.

According to reports, during the period of abnormal stock fluctuations (May 7, May 8, May 9, 2024), Ningxia Yipin Investment Group Co., Ltd. (“Yipin Group”), a shareholder of at least 5% of the company, reduced its holdings of the company's shares by 15.3 million shares through bulk transactions, accounting for 0.92% of the company's total shares; the concerted actor, Tie Xiaorong, reduced his holdings of the company's shares by 10.4 million shares through bulk transactions, accounting for 0.63% of the company's total shares. Since the listing ban was lifted on its shares (December 6, 2023), Yipin Group and Tie Xiaorong have reduced their holdings by a total of 31.9 million shares, accounting for 1.92% of the company's total share capital.