On September 12th, Xinhongye (301310.SZ) opened low and fell nearly 5% to 20.13 yuan at one point during the trading day. Xinhongye announced yesterday evening that shareholders Xianghe Yongyuan and its concerted action person, Shanghai Xinfeng, plan to reduce their shareholding in the company through centralized bidding and bulk trading within 3 months after 15 trading days following the disclosure of this shareholding reduction plan, with a cumulative reduction of no more than 4,078,141 shares (3% of the company's total share capital).