LIA: Shareholders to reduce their shares by not more than 1 per cent in aggregate

ON 9 JULY, THE LIANGWA (605358.SH) ANNOUNCED THAT THE COMPANY ' S SHAREHOLDERS HAD INVESTED IN ZHUANG, ZIWAN, AND THAT SHANGHAI KING RIDA INTENDED TO REDUCE THE COMPANY ' S SHARES BY A TOTAL OF NO MORE THAN 7.7 MILLION SHARES, OR LESS THAN 1 PER CENT OF THE COMPANY ' S TOTAL EQUITY, BY A CENTRALIZED BID FOR THREE MONTHS FROM 3 AUGUST. THE REASON FOR THE DECREASE IS FUNDING REQUIREMENTS。