Giantec shareholder inquiry transfer price set at CNY69.59

Giantec Semiconductor Corporation has announced the initial pricing for its shareholder inquiry transfer, set at CNY69.59 per share based on the inquiry subscriptions received on July 3, 2025. The offering attracted 20 institutional investors, including fund management companies, qualified foreign institutional investors, private fund managers, and securities companies, with total valid subscriptions for 2,950,000 shares, representing an oversubscription rate of 1.49 times. The transfer is expected to involve 1,980,000 shares to 16 institutional investors. The company noted that the allocation is preliminary and subject to potential judicial freezes or deductions. The final outcome depends on the China Securities Depository and Clearing Corporation Limited Shanghai Branch. Giantec confirmed the transfer will not affect the company's control or corporate governance.