Jiangsu Liance Electromechanical Technology Co., Ltd. announced the completion of its share reduction plan by persons acting in concert with the company’s actual controller. Vice Chairman Yu Xuanxuan sold 540,000 shares, representing 0.84% of total share capital, through centralized bidding at prices ranging from RMB 35.81 to RMB 38.30 per share, for total proceeds of about RMB 19.79 million. Yu Lüsheng sold 65,000 shares, representing 0.10% of total share capital, at prices between RMB 36.08 and RMB 42.50 per share, raising approximately RMB 2.65 million. Yu Lüsheng’s sale was below the planned maximum of 100,000 shares. Following the disposals, Yu Xuanxuan’s stake fell to 5.32% and Yu Lüsheng’s to 1.83%. The company stated that the reductions were in line with the previously disclosed plan, were not terminated early, and reached the intended scale.