Will Semiconductor Shanghai plans H-share offering, chairman donates shares

Will Semiconductor Shanghai announced its intention to issue up to 73,670,200 offshore listed ordinary shares (H-shares) on the Hong Kong Stock Exchange, following receipt of a filing notice from the China Securities Regulatory Commission (CSRC) dated December 10, 2025. This move aims to expand its international presence.

Concurrently, chairman Yu Renrong canceled a previously announced share reduction plan. Instead, Yu Renrong, the controlling shareholder, donated 30,000,000 unrestricted tradable shares, representing 2.48% of the company's total share capital, to the Ningbo Dongfang Institute of Technology Education Foundation. This, along with a 600,000 share donation from the company's education fund, increased the Foundation's stake in Will Semiconductor Shanghai from 3.36% to 5.89% through non-transactional transfers completed on December 9, 2025.