Legal analysis: The provisions for major shareholders of listed companies to reduce their shares are: 1, and Article 6 of Several Provisions for Shareholders and Directors of Listed Companies to Reduce their Shares. Under legal circumstances, major shareholders of listed companies may not reduce their shares; 2. Article 9 The total number of shares reduced by major shareholders of a listed company through centralized bidding transactions on the stock exchange within three months shall not exceed 65,438+0% of the total shares of the company.

Legal basis: Article 6 of the Regulations on the Establishment of Shareholders and Directors of Listed Companies shall not reduce its shares under any of the following circumstances:

(1) The listed company or major shareholder is suspected of committing crimes in securities and futures, and has been placed on file for investigation by the China Securities Regulatory Commission or judicial organs, and it has not been six months since the decision on administrative punishment or criminal judgment was made.

(2) The major shareholder has been publicly condemned by the stock exchange for violating the rules of the stock exchange for less than three months.

(3) Other circumstances stipulated by the China Securities Regulatory Commission.