[Chu Tianlong: Controlling shareholder Wenzhou Xianghongwan plans to reduce its holdings by no more than 3% of its shares] On September 14th, Chutianlong (003040.SZ) announced that the company’s controlling shareholder Wenzhou Xianghongwan planned to reduce its holdings of the company’s shares by a total of no more than 13.834079 shares through centralized bidding or block trading within 3 months after fifteen trading days from the date of the announcement, which means no more than 3% of the company’s total share capital. Wenzhou Xianghongwan currently holds 210 million shares of the company, accounting for 45.54% of the total share capital. The reason for reducing its holdings is its own capital needs. The implementation of this shareholding reduction plan will not result in a change of control of the company.