Insigma shareholder Wanliyang reduces stake below 5%

Zhejiang Wanliyang Co., Ltd. (Wanliyang), a shareholder holding more than 5% of shares in Insigma Technology (SSE:600797), has reduced its stake through centralized competitive transactions. Before the transaction, Wanliyang held 55,000,000 shares, accounting for 5.35% of Insigma's total share capital. Following the transaction, Wanliyang now holds 51,376,356 shares, representing 5.00% of the total share capital. The average price of the shares sold was 10.21 RMB per share. This change is considered a normal equity change for a non-major shareholder and is not expected to significantly impact the company's governance structure or ongoing operations. Wanliyang will no longer be a 5% plus shareholder in Insigma Technology. The share reduction aligns with relevant regulations, and Wanliyang will continue to adhere to these regulations for any future transactions.