Wingtech Technology shareholder adjusts stake as asset sale progresses

Wuxi Guolian Integrated Circuit Investment Center, a substantial shareholder of Wingtech Technology, has reduced its holdings, triggering a 1% threshold notification. Between June 27 and September 9, 2025, the shareholder sold 9,853,243 shares through centralized bidding on the Shanghai Stock Exchange, decreasing its stake from 8.77% to 7.98%. This move aligns with a previously disclosed share reduction plan.

Concurrently, Wingtech Technology's major asset sale, initially announced on March 20, 2025, is progressing. This sale involves transferring several entities and asset packages to Luxshare Precision Industry Co., Ltd. and Luxshare ICT (Shanghai) Co., Ltd. Progress includes the completion of equity transfers for Kunming Zhitong, Shenzhen Wingtech, Huangshi Zhitong, and Kunming Wenxun, alongside the business asset packages of Wuxi Wingtech and Wuxi Wenxun.

The transfer of Indian Wingtech’s business assets is complete, with some property rights changes still in process. The equity transfer for Hong Kong Wingtech and its subsidiary, Indonesian Wingtech, is pending the completion of asset stripping outside the transaction scope. The company will continue to provide updates as the transaction proceeds.