Major AMEC shareholder to reduce stake by up to 1%

Shanghai Sci-Tech Venture Co., Ltd., a major shareholder in Advanced Micro-Fabrication Equipment (Shanghai) Co., Ltd. (AMEC), has announced plans to reduce its shareholding. As of the disclosure date, Shanghai Sci-Tech Venture holds 93,483,533 shares, representing 14.93% of AMEC's total share capital.

The planned reduction will occur through block trades, with Shanghai Sci-Tech Venture intending to divest up to 1% of AMEC's total share capital, equivalent to a maximum of 6,261,453 shares. The reduction period is scheduled to run from December 22, 2025, to March 21, 2026. The shares being divested were acquired prior to AMEC's IPO.

This move is attributed to Shanghai Sci-Tech Venture's own operational and management needs. The previous reduction by Shanghai Sci-Tech Venture, conducted via block trades between April 6, 2023, and June 5, 2023, involved 2,900,000 shares, or 0.47% of the total, at prices ranging from 163.32 yuan to 184.92 yuan per share. The company noted that the timing, quantity, and price of this current reduction remain uncertain and will be influenced by market conditions and AMEC's share price.