Shareate Tools Ltd (688257.SH) announced that it recently received a "Shareholder Reduction Plan Notice" from its shareholder Xin Hong Zhong Fu. Due to its own funding needs, Xin Hong Zhong Fu plans to reduce its holdings in the company by no more than 1.2622 million shares, or no more than 0.5% of the company's total current shares, through methods such as centralized bidding and block trading during the disclosed reduction period.
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