Xi’An Chenxi Aviation Technology Corp.,Ltd. (300581.SZ) announced that its major shareholder, TIME INTERCON, intends to reduce its stake in the company. The plan involves selling no more than 1% of the company's total shares via centralized bidding within three months after 15 trading days from the announcement date. Additionally, TIME INTERCON will sell up to 2% of the total shares through block trades. In total, the shareholder aims to divest no more than 16.5033 million shares, representing 3% of the company's total equity.
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