Biwin Storage has released an official announcement detailing its intention to strategically divest some or all of its A-share holdings in Lianyun Technology. This decision will be made in accordance with prevailing stock market conditions, utilizing centralized bidding transactions to execute the sales at the most opportune moments. The planned divestiture encompasses a maximum of 3,744,700 shares, which represents no more than 1% of Lianyun Technology's total share capital. The timeframe for executing these sales transactions spans within 12 months from the date of obtaining approval from Biwin Storage's board of directors, ensuring a structured and phased approach to the divestiture process.
