Will Semiconductor invests in chip fund; chairman reduces pledged shares

Will Semiconductor Shanghai, through its wholly-owned subsidiary Shaoxing Weihao Enterprise Management Consulting Partnership, will invest 200,000,000 yuan in Shanghai Yuanhe Puhua Private Equity Fund Partnership. This investment targets the integrated circuit industry, including design, manufacturing, and packaging, with at least 70% of the fund’s capital allocated to related unlisted companies. The fund has a total capital commitment of 1,087,500,000 yuan and is managed by Yuanhe Puhua Tongxin (Suzhou) Investment Management Co., Ltd.

The company's controlling shareholder, Yu Rencheng, released 8,500,000 of his pledged shares on November 26, 2025. This reduces his total pledged shares to 171,790,000, representing 51.52% of his holdings. His and related parties' total pledged shares now constitute 15.55% of the company's total share capital.

The investment aims to capitalize on industry opportunities, broaden investment channels, and enhance the company's competitive capabilities. It is not expected to materially impact Will Semiconductor Shanghai's financial position or operating results.