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AMEC executives, major shareholder announce share reduction plans

August 26, 2025 at 05:09 PM UTCBy FilingReader AI

Advanced Micro-Fabrication Equipment (China) (AMEC) announced the completion of a share reduction by its chairman and general manager, Yin Zhiyao, and its chief financial officer and deputy general manager, Chen Wenwen. Between May 27, 2025, and August 26, 2025, Yin Zhiyao sold 170,000 shares for a total of CNY 31,216,308.32, with 110,000 shares remaining uncompleted from the original plan. Chen Wenwen sold 124,500 shares for CNY 21,399,024.38, with 500 shares remaining uncompleted.

Separately, AMEC’s major shareholder, Sunton (Shanghai) Investment Co., Ltd., announced a plan to reduce its stake. Sunton, which holds 80,996,822 shares (12.94% of the total share capital), intends to sell up to 2% of the company's total share capital through block trades between September 17, 2025, and December 16, 2025. This reduction is driven by its own operational and management needs.

The latest reduction plan follows a previous sale by Sunton between May 11, 2023, and November 10, 2023, where it sold 12,522,906 shares. All shares involved in these transactions were acquired prior to AMEC’s initial public offering.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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