Action Education announced on September 17 that Shanghai Yundun Business Consulting Partnership, a concert party of the controlling shareholder and actual controller, plans to reduce its holdings by no more than 2 million company shares through block trades and centralized bidding, representing no more than 1.6771% of the company's total share capital. In addition, shareholder Shanghai Lanxiao Business Consulting Partnership plans to reduce its holdings by no more than 710,000 company shares through block trades, representing no more than 0.5954% of the company's total share capital.
Shanghai Action Education Technology CO.LTD.Controlling shareholder's concert party and another shareholder plan to reduce their stakes by up to 1.6771% and 0.5954% respectively, signaling share sales.
