Fullhan Microelectronics shareholder plans to reduce stake

Shanghai Fullhan Microelectronics announced that a concerted action party of its controlling shareholder, plans to reduce its stake in the company. The shareholder, Jie Zhi Holdings, currently holds 11,351,200 shares, representing 4.93% of the company's total share capital. Jie Zhi Holdings intends to reduce its holdings by no more than 6,902,080 shares, equivalent to 3% of the total share capital. The reduction will be carried out via either centralized bidding or block trading methods. The period for the reduction is set to occur within three months following fifteen trading days from the announcement date, specifically between July 29, 2025, and October 28, 2025. The stated reason for the share reduction is fund expiration. The announcement specified that the reduction plan adheres to relevant laws and regulations and that the shareholder has committed to informing the company of any changes.