Ingenic semiconductor: shareholder reduces stake, subsidiary shifts focus

Ingenic Semiconductor announced that shareholder Li Jie completed a share reduction, selling 800,000 shares at an average price of 83.97 yuan. This transaction, conducted via centralized bidding between September 17 and September 24, 2025, reduced his holdings from 3.88% to 3.71% of total capital. The shares originated from initial public offering stock. This action aligns with previously disclosed plans and regulatory guidelines, and it does not alter the company's control or ongoing operations.

Concurrently, Ingenic Semiconductor's wholly-owned subsidiary, Beijing Galaxycore Semiconductor Co., Ltd., completed industrial and commercial registration changes. The company's registered capital is 54,991.027243 m yuan, and its business scope now includes designing, researching, and developing integrated circuit semiconductor products, software development, sales of electronic products, and various import/export activities. The change was implemented on September 25, 2025, formalizing the new scope of business.

These adjustments follow a strategic decision by Ingenic Semiconductor to reallocate funds, changing the "in-vehicle ISP chip R&D and industrialisation project" to a "3D DRAM chip R&D and industrialisation project." This shift involves reducing capital for the former project within Hefei Ingenic Technology Co., Ltd. and increasing capital for the latter project within Ingenic Semiconductor (Shanghai) Co., Ltd. through Beijing Galaxycore Semiconductor.