Zhejiang Fung (600070): Huifeng Venture Capital Holdings 1.1705% Stake Drop 5%

600070.SH announced that in February 24, 2020, the company received the notification letter from the controlling shareholder, Fung run group, Zhejiang Zhejiang Huifeng Venture Investment Co., Ltd. (hereinafter referred to as "Huifeng venture capital"). In February 21, 2020, Huifeng ventures reduced 6 million 109 thousand and 400 shares of the company through bulk trading, accounting for 1.1705% of the total share capital of the company. Before this reduction, Huifeng VENTURE HOLDINGS held 32 million 206 thousand and 700 shares of the company, accounting for 6.1705% of the total share capital of the company. After this reduction, Huifeng VENTURE HOLDINGS held 26 million 97 thousand and 300 shares of the company, accounting for 4.99999% of the total share capital of the company, and no longer a shareholder holding more than 5% of the company's shareholding alone.