Raytron Technology gains strategic investor as major shareholder reduces stake

Raytron Technology Co., Ltd. announced the completion of a share reduction by its 5% or more shareholder, Mr. Li Weicheng, and the introduction of Zhejiang Industrial Investment Group Co., Ltd. (Zhejiang Industrial Investment) as a strategic investor. On September 2, 2025, Mr. Li Weicheng sold 7,563,700 shares via block trade, representing 1.64% of the company's total share capital. The shares were acquired by Hangzhou Chan Investment Exciting Equity Investment Partnership (Limited Partnership), a fund under Zhejiang Industrial Investment Group Co., Ltd., which now holds a significant stake.

Prior to the reduction, Mr. Li Weicheng held 9.23% of Raytron Technology, which decreased to 7.58% post-transaction. His combined holdings with Ms. Shi Jun, his spouse, fell from 9.64% to 7.99% of the total share capital. The share reduction, valued at CNY 512,138,127, was conducted within the price range of CNY 67.71 per share. This strategic move aligns with the company's development needs, supporting future growth and collaboration with Zhejiang Industrial Investment.

This change in ownership structure did not trigger a mandatory tender offer, reflecting the company's commitment to enhancing its corporate governance and operational efficiency without altering the controlling shareholder or actual controller.