Everbright High - Tech (688048.SH) has disclosed that its shareholder, Suzhou Yinglei, driven by its own capital requirements, is set to decrease its shareholding. The planned reduction involves a combined total of no more than 2,613,000 shares, which accounts for no more than 1.48% of the company's total share capital. This reduction will be executed through two methods: centralized bidding and block trading.

Specifically, when it comes to the reduction via centralized bidding, the number of shares to be sold will not exceed 1,760,000, making up no more than 1% of the total share capital. As for the reduction through block trading, the quantity of shares to be offloaded will not surpass 853,000, representing no more than 0.48% of the total share capital.

The share - reduction plan is scheduled to be implemented within three months, starting fifteen trading days after the date of the announcement's disclosure.