NBD AI Bulletin-Beijing Hezong Science & Technology Co., Ltd. (the Company, SZ 300477, closing price: 7.37 yuan) announced on the evening of July 15 that the Company had received a notice from the Company's supervisor Mr. Wang Weiping that as of this announcement date, Mr. Wang Weiping had reduced his holdings by more than half of the planned offloadings. From July 06, 2020 to July 15, 2020, Mr. Wang Weiping reduced his stake by about 1.23 million shares at a price range of 7.20 yuan/share to 7.49 yuan/share, representing 0.1478% of the Company's total share capital.

NBD AI Review: The last time Beijing Hezong Science & Technology Co., Ltd. issued a shareholding-reduction announcement was on June 09, 2020, its stock rose 2.87% on the second trading day, the Company issued six shareholding-reduction announcements in the past year.

According to the Company's 2019 annual report, Beijing Hezong Science & Technology Co., Ltd. mainly engages in power transmission and distribution equipment manufacturing, lithium battery materials and electric power engineering design services, accounting for 58.14%, 38.81% and 3.05% of its revenue respectively.

The chairman of Beijing Hezong Science & Technology Co., Ltd. is Liu Zegang, 54, bachelor's degree. The Company's general manager is Wei Qiang, male, 54, bachelor's degree.

(By Cai Ding)

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