Wingtech Technology shareholder plans to reduce holdings

Wingtech Technology (SSE:600745) announced that shareholder Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership) intends to reduce its holdings in the company. Wuxi Guolian currently holds 109,137,709 shares, representing 8.77% of Wingtech's total share capital, obtained through the issuance of shares for asset acquisition. The planned reduction involves up to 24,891,577 shares (2% of the total share capital as of June 4, 2025) via block trades and up to 12,445,788 shares (1% of the total share capital as of June 4, 2025) through centralized bidding. The reduction will occur within three months after 15 trading days from the announcement date, from June 27, 2025, to September 26, 2025, and the pricing will depend on market conditions. The stated reason for the share reduction is the shareholder's own business needs. Wuxi Guolian has confirmed that this reduction plan aligns with previous commitments regarding shareholding.