?On the evening of February 2, Xinjiang torch (513131. SH) and Pengyao environmental protection (311554. SZ) announced that their shareholders planned to reduce their holdings by clearing their positions. On February 3, the opening of Xinjiang torch and Pengyao environmental protection dropped. By the end of the day, Xinjiang torch had closed at 23.11 yuan, down 2.55%, and Pengyao environmental protection closed down. Among the institutional shareholders who plan to reduce their holdings of Xinjiang torch, the emergence of Jiuding group's institutions is quite remarkable. According to incomplete statistics of blue whale finance and economics, Jiuding group has successively reduced its holdings of more than ten listed companies and cashed out more than 2.5 billion yuan in one year. As soon as the news of Jiuding's large-scale reduction plan came out, it caused a market uproar. The Xinjiang torch received a regulatory letter from the Shanghai Stock Exchange overnight, asking it and the shareholders to respond to the five major issues. In the evening of February 2, Xinjiang torch announced that Jiuding investment, a shareholder holding 24.22% shares in total, planned to reduce its holding of no more than 24.32 million shares, or no more than 24.22% of 壹马会俱乐部 the company's total share capital due to its own capital demand; Jun'an Xianghe, a shareholder holding 2.12% shares in total, and Wang Anliang, its controller, planned to reduce their holding of no more than 24.32 million shares due to their own capital demand. More than 22.35 million shares, or no more than 2.12% of the company's total share capital. According to public information, Jiuding's investment in Xinjiang torch began in April 2124. At that time, five institutions under Jiuding investment spent a total of 51.11 million yuan to acquire 25% equity of Xinjiang torch.