Why did Wang Chuanhua significantly reduce his holdings of Yanggu Huatai?

Personal financial needs. According to the inquiry of national business daily official website, Yanggu Huatai announced on the evening of February 2, 2022 that Shandong Yanggu Huatai Chemical Co., Ltd. received the notice of reducing its shareholding from Mr. Wang Chuanhua, the controlling shareholder and actual controller of the company, on February 2, 2022. Due to personal financial needs,