According to equity disclosure information on April 3 by the Hong Kong Stock Exchange, Wang Xing, the founder, director, and controlling shareholder of Meituan, has once again reduced his holdings in Ideal Automobile, in response to Wang Xing's reduction in holdings. From March 26th to March 28th, Wang Xing sold 950000 shares, 1.4139 million shares, and 1.7984 million shares of common stock of Ideal Automobile for three consecutive days, totaling 4.1623 million shares, with an average valuation of HKD 122.1665, HKD 118.5752, and HKD 121.9197 per share, respectively. The total involved capital exceeded HKD 500 million, and the shareholding ratio decreased from 21.76% to 21.53%. Regarding Wang Xing's reduction in holdings, Ideal Auto responded to reporters that recently, Wang Xing has sold Ideal Auto's shares, and the specific number of shares will be subject to Wang Xing's equity statement filing on the Hong Kong Stock Exchange. The stock trading this time is a personal act, and the trading accounts for a small proportion of his total shareholding, without involving Meituan's shareholding.