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Is it legal for major shareholders to announce their reduction and send out good news ten days later?
The major shareholder issued a reduction announcement, and good news came ten days later. This is illegal because:

1. The law clearly stipulates that shareholders of listed companies shall not reduce their holdings within ten days before the company's performance forecast and performance express announcement.

2. The performance announcement has a great influence on the company's share price, and important shareholders know the performance news in advance.

3. Reduce its holdings within ten days before the results are announced, which involves insider trading.