Gigadevice senior management to reduce shareholdings

Several directors and senior management members of Gigadevice Semiconductor (Beijing) Inc., including vice chairman and general manager He Wei, plan to reduce their shareholdings. He Wei intends to sell up to 63,800 shares, representing 0.0096% of the current total share capital. Hu Hong, a director and vice general manager, plans to divest up to 106,400 shares, accounting for 0.0159%.

Sun Guijing, vice general manager and CFO, will reduce her holding by up to 48,200 shares (0.0072%), while vice general manager Li Baokui plans to sell up to 30,600 shares (0.0046%). The disposals, citing personal financial needs, will occur via concentrated bidding between December 15, 2025, and March 14, 2026. All shares targeted for reduction were obtained through equity incentives.

The company stated that the planned share reductions will not impact its corporate governance structure or ongoing operations. However, it cautioned investors about the inherent uncertainties regarding the timing, pricing, and volume of the share sales.