monsterhuntnftgame| China Haiphong: China Venture Capital Fund and China New Investment Plan to reduce their holdings by no more than 14.2126 million shares

Newsletter summary

China Coastal Defense announcement, the National Venture Capital Fund and its concerted action people's new investment plan to reduce the company's shares by no more than 2% for a period of 3 months through centralized bidding and block trading.

Text of news flash

[China Coastal Defense shareholder National Venture Capital Fund and concerted Action people's New Investment Plan to reduce shares] China Coastal Defense disclosed in the announcement on May 13, the company received from China State-owned Capital Venture Capital Fund Co., Ltd. (Guoxin Investment Fund) and Guoxin Investment Co., Ltd. (Guoxin Investment)MonsterhuntnftgameNotification letter of the reduction of shares. China Venture Capital Fund and its concerted Action China New Investment Plan to reduce its stake in China Coastal Defense through centralized bidding or block trading. At present, the National Venture Capital Fund holds 1458 of China's Haiphong shares.Monsterhuntnftgame.37 million shares, accounting for about 2. 2%Monsterhuntnftgame.05%, while Guoxin Investment holds 23.548 million shares, accounting for about 3.31%. According to the announcement, the two companies plan to reduce their holdings of no more than 14.2126 million shares, accounting for no more than 2% of the total share capital, and the reduction period will be within 3 months after 15 trading days from the date of the announcement. According to the reduction plan, during the three-month reduction period, if centralized bidding is adopted for 90 consecutive days, the total number of reduced shares will not exceed 1% of the company's total shares.MonsterhuntnftgameOtherwise, the proportion of reduction will not exceed 2%. The reduction is expected to have a certain impact on the secondary market, investors need to pay close attention to the follow-up progress.