National IC Fund reduces stake in TongFu Microelectronics

The National Integrated Circuit Industry Investment Fund Co., Ltd. ("Industry Fund"), a major shareholder in TongFu Microelectronics Co., Ltd., has completed its share reduction plan. The plan, which commenced on June 11, 2025, and concluded on September 8, 2025, saw the Industry Fund offload a total of 31,886,169 shares, representing 2.1% of the company's total share capital.

The reduction was executed through both centralized bidding and block trading. From June 11 to June 27, 2025, the Industry Fund sold 15,175,969 shares via centralized bidding at prices ranging from 23.24 yuan to 25.23 yuan, totaling 369,577,976.56 yuan. Subsequently, from July 18 to August 20, 2025, an additional 16,710,200 shares were sold through block trading at prices between 23.45 yuan and 25.92 yuan, amounting to 407,866,780 yuan.

Prior to the reduction, the Industry Fund held 133,156,578 shares, accounting for 8.77% of TongFu Microelectronics' total share capital. Following the completion of the plan, its ownership has decreased to 101,270,409 shares, representing 6.67%. The company confirmed that this transaction aligns with the pre-disclosed plan and does not affect the company's controlling shareholder or actual controller, nor does it impact corporate governance or sustainable operations.