On December 16, Gelonghui reported that Xinxiangwei (688593.SH) fell again by 8%, with a three-day decline of nearly 15%, currently quoted at 21.37 yuan, and the total market value falling below 10 billion yuan. The company announced last Friday evening that shareholder Xinyu Yijade plans to reduce its shareholding by no more than 4.5953 million shares within 90 days after 15 trading days from the date of the announcement, through centralized bidding on the Shanghai Stock Exchange or through block trading, with the reduced shares accounting for no more than 1% of the company's total share capital. It is worth mentioning that the company previously expected the Q4 gross margin to remain stable. (Gelonghui)