Giantec Semiconductor major shareholder to reduce stake

Wuhan Luojia Wutong Emerging Industry Investment Fund Partnership, a significant shareholder in Giantec Semiconductor Corporation, plans to reduce its stake in the company. As of the announcement date, Wuhan Luojia holds 4,124,125 shares, representing 2.61% of the company's total share capital. The planned reduction will occur over three months, starting 15 trading days after the announcement, from October 10, 2025, to January 9, 2026.

Wuhan Luojia intends to sell up to 2,544,125 shares via block trading, representing no more than 1.61% of the total share capital, and up to 1,580,000 shares via concentrated bidding, representing no more than 1%. This reduction is driven by Wuhan Luojia's own funding requirements.

Wuhan Luojia, controlled indirectly by the company's actual controller, Mr. Chen Zuotao, acts in concert with other major shareholders. The planned reduction will not lead to a change in the company's control or negatively impact its governance or ongoing operations.