Will Semiconductor's controlling shareholder to cut stake for debt repayment

Will Semiconductor Shanghai announced that its controlling shareholder, Yu Renrong, plans to reduce his stake in the company. Mr. Yu, who currently holds 333,472,250 shares, representing 27.65% of the total share capital, intends to sell up to 24,000,000 shares, equating to a maximum of 1.99% of the company's total shares. This reduction will occur via block trading over a three-month period, from October 29, 2025, to January 28, 2026.

The primary motivation for this share reduction is to repay personal loans and decrease the pledge ratio of his shares. The shares to be sold were acquired before the company's initial public offering. The sale price will be determined by market prices at the time of the transaction. The company also confirmed that this plan aligns with previously made commitments regarding share lock-up and reduction.

This move is an independent financial decision by the controlling shareholder and is not expected to impact the company's governance or sustained operations. The company will ensure timely disclosure of the reduction's progress in accordance with regulatory requirements.