The major shareholders of listed companies will sell their shares and get cash, that is, reduce their holdings and cash out.

Reduction of shares: reduction of shares is a special term in stock market and futures market. Non-tradable shares can be circulated and then thrown out for cash, which is called reduction. In particular, it refers to the stock selling behavior of major tradable shareholders of listed companies in line with the Guiding Opinions on the Transfer of Restricted Shares of Listed Companies, and timely disclosure of information. Not suitable for ordinary investors.

Cash-out: Cash-out refers to selling stocks and obtaining cash assets.