Gelonghui, November 28 | According to every news report, after waiting for 10 years, hongda high-tech holding claims to have "seized the market opportunity" to reduce its shareholding in another A-share company - haining china leather market. This time, the company sold a total of 11.15 million shares of haining china leather market through a centralized bidding transaction on the exchange, with a transaction average price of 6.4268 yuan/share and a transaction amount of 71.6589 million yuan (after deducting the stamp tax and transaction commission). Looking at the recent stock price trend of haining china leather market, it has formed a "peak", first rising for 6 consecutive days, then falling for 3 consecutive days. Since hongda high-tech holding's average selling price is 6.4268 yuan/share, it also means that the timing of reducing nearly all or even all of its shares was on the 22nd and 25th, which happened to be the recent high point of haining china leather's stock price, making the selling timing remarkably accurate. Additionally, since August 2004, the chairman of hongda high-tech holding has been Shen Guofu, who is currently 68 years old. From May 2014 to present, Shen Guofu also serves as a director of haining china leather market.