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Major shareholder cuts stake in GCI Science & Technology

September 2, 2025 at 05:15 PM UTCBy FilingReader AI

GCI Science & Technology has announced that its major shareholder, China Electronics Technology Investment Fund Management Co., Ltd., reduced its stake in the company. Between August 23, 2025, and September 1, 2025, China Electronics Technology Investment Fund sold 5,965,600 shares through concentrated bidding on the stock exchange. This divestment represents 0.8766% of the company's total share capital.

Following this transaction, China Electronics Technology Investment Fund now holds 40,625,490 shares, equating to 5.9696% of GCI Science & Technology's total share capital. Before this reduction, the fund held 46,591,090 shares, or 6.8463%. The company confirmed that this change in ownership triggered a 1% multiple threshold for reporting.

The announcement specified that the shares sold were unrestricted shares, and the transaction was carried out via concentrated bidding on the stock exchange. There were no reported violations of relevant laws or regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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