Major shareholder to cut Wingtech Technology stake by 3%

Wingtech Technology's major shareholder, Wuxi Guolian Integrated Circuit Investment Center, has announced a plan to reduce its stake in the company. The investor currently holds 96,718,566 shares, representing 7.77% of Wingtech Technology's total share capital. All shares are unrestricted and were acquired through a share issuance for asset acquisition.

The reduction plan involves divesting up to 37,339,080 shares, which is approximately 3% of the total share capital. Wuxi Guolian intends to sell up to 24,892,720 shares (2% of total share capital) via block trades and up to 12,446,360 shares (1% of total share capital) through concentrated bidding. The sales are scheduled to occur between November 27, 2025, and February 26, 2026, with pricing subject to market conditions.

This move is attributed to the shareholder's internal operational needs. Wuxi Guolian confirmed this plan aligns with prior commitments made during the company's 2019 major asset restructuring, including specific share lock-up periods, and does not involve any change in the company's control.