Fullhan Microelectronics: Shareholder completes reduction plan

Shanghai Fullhan Microelectronics (SZSE:300613) announced today that shareholder Shanghai Langhan Enterprise Management Co. has completed its previously disclosed share reduction plan. The reduction occurred between April 14, 2025, and June 11, 2025, through both centralized competitive bidding and block trades. Langhan reduced its holdings by a total of 3,743,500 shares, representing 1.63% of the company's total share capital. The average selling price was CNY 48.23 per share via centralized bidding and CNY 45.85 per share via block trades. Following the reduction, Langhan's stake in Fullhan Microelectronics decreased from 7.15% to 5.52%, with holdings of 12,697,791 shares. The company states that the reduction aligns with prior disclosures and commitments.