On January 19, Shenzhen Lifotronic Technology Co.Ltd(688389) issued the shareholder reduction plan. According to the announcement, the company’s shareholder Shenzhen Innovation Investment Group Co., Ltd. (hereinafter referred to as Shenzhen Venture Capital) and related parties intend to reduce their shares by not more than 2% of the company’s total share capital through centralized bidding within 6 months after 15 trading days from the date of announcement of the reduction plan.
According to the announcement, Shenzhen Venture Capital and related parties currently hold Shenzhen Lifotronic Technology Co.Ltd(688389) 6.49% of the shares, which are obtained before Shenzhen Lifotronic Technology Co.Ltd(688389) IPO, and these shares will be listed and circulated from November 5, 2020.
