Gelonghui, September 12 | Xinhongye (301310.SZ) opened low today, falling nearly 5% to 20.13 yuan during the intraday period. Xinhongye issued an announcement yesterday evening stating that shareholder Xianghe Yongyuan and his co-actor, Shanghai Takixin, plan to reduce their holdings of the company's shares by no more than 4,078,141 shares (3% of the company's total share capital) through centralized bidding and bulk transactions within 3 months after 15 trading days from the date of disclosure of this holdings reduction plan.