SG Micro director plans significant share sale to repay debt

Mr. Lin Lin, a director and party to SG Micro (Beijing) Co., Ltd.'s controlling shareholder, plans to reduce his stake in the company. He currently holds 31,548,497 shares, representing 5.10% of the total share capital. The proposed reduction will involve up to 7,887,125 shares, or 1.28% of the company's total share capital, conducted through block trades and centralized bidding transactions. The share reduction is primarily to repay debts.

The selling period is set for three months, commencing 15 trading days after the announcement date, specifically from November 10, 2025, to February 9, 2026. This timeline excludes specific blackout periods, such as before financial report announcements and during major events impacting share prices. The sale will comply with all relevant legal and regulatory requirements, including price floors tied to the company's initial public offering price, adjusted for any ex-dividend or ex-bonus events.

SG Micro emphasizes that this planned reduction is a normal action by Mr. Lin Lin and will not alter the company's control or negatively impact its operational structure. The company will ensure Mr. Lin Lin adheres to all relevant laws and regulations, and will provide timely disclosures regarding the progress of the share reduction. Investors are advised to exercise caution due to market uncertainties regarding the timing and pricing of the sale.