China Wafer Level CSP shareholder halts planned stock sale

Suzhou Bright Technology Co., Ltd. announced today that its shareholder, China-Singapore Suzhou Industrial Park Venture Capital Co., Ltd. (C-SIPVC), has prematurely terminated its planned block trade share reduction. C-SIPVC, holding 102,849,766 shares, representing 15.77% of the company's total share capital, had intended to reduce its stake by up to 13,043,400 shares (2% of total share capital) through block trades.

On September 10, 2025, C-SIPVC issued a notice to the company stating its decision to adjust its reduction arrangements and terminate the plan based on its own operational considerations. As of the announcement date, C-SIPVC has not sold any shares under this plan.

The original plan, disclosed on June 6, 2025, outlined a reduction period from June 27, 2025, to September 10, 2025. The cessation means that zero shares were sold. C-SIPVC remains a direct shareholder with over 5% of the shares, and its current holdings and percentage ownership remain unchanged.