Why does Hanyu Group reduce its holdings in the secondary market?

Hanyu Group reduced its holdings in the secondary market in order to repay the stock pledge loan and capital turnover. On June 8, 2020, Hanyu Group disclosed that Shihuashan's first reduction plan was completed, with a total reduction of 18116438 shares, accounting for 3% of the total share capital. It is roughly estimated that more than half of the net profit generated by financial poverty will be used for dividends. On the other hand, Shi Huashan will promote Hanyu Group to distribute it on a large scale.