ArcSoft shareholder change triggers 5% threshold notice, fund management changes

ArcSoft Corporation (SSE:688088) announced that Nanjing RuiLian Emerging Industries Investment Partnership (RuiLian), a significant shareholder, has seen its stake in the company reduced to 10%, triggering a disclosure requirement as the shareholding reached a multiple of 5%. The change results from RuiLian's ongoing share reduction plan, as well as from the company's cancellation of repurchased shares, which passively increased the percentage of shares held by other parties. RuiLian has diminished their holdings through a combination of exchange and bulk share sales.