SG Micro's controlling shareholder equity changes by 1%
SG Micro Corp's controlling shareholder and its persons acting in concert have experienced an equity change, reaching an integer multiple of 1%. This follows a previously announced plan to reduce holdings by Mr. Lin Lin, one of the persons acting in concert. The initial plan, disclosed on October 17, 2025, aimed to reduce holdings by no more than 1.28% of the total share capital.
As of the latest update, Mr. Lin Lin has already reduced his holdings by 4,936,463 shares, accounting for 0.80% of the company's current total share capital. This reduction is part of the ongoing implementation of the disclosed share reduction plan.
Additionally, the company's total share capital has increased due to an equity incentive plan and profit distribution, leading to a passive dilution of the controlling shareholder and persons acting in concert's overall shareholding. Collectively, the total equity change, including both active reduction and passive dilution, has reached the 1% integer multiple threshold. The total holding of the controlling shareholder and its persons acting in concert has decreased from 37.39% to 36.21%.
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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