Core Viewpoint - The company, Lihe Micro (688589.SH), experienced a decline of 3.72% in early trading, reaching a price of 23.55 yuan due to a planned share reduction by its shareholder, Lihe Kechuang [1] Summary by Relevant Sections - **Shareholder Actions** - Lihe Kechuang intends to reduce its holdings in Lihe Micro by a total of up to 4,359,849 shares, which represents no more than 3% of the company's total share capital [1]

Key Points - Huajian Group's controlling shareholder has no major asset restructuring or injection plans involving the company in the next 12 months [1] - China Jushi plans to invest a total of 951 million yuan in a cold repair and technical transformation project for a 200,000-ton glass fiber pool kiln drawing production line [1] - Zhongyan Dadi won a bid for a 76.9826 million yuan fluid solidification soil intensive procurement project [1] - Wantong Expressway intends to acquire 7% of Shandong Expressway for 3.019 billion yuan [1] - Hengsheng Electronics has repurchased 20.0788 million yuan of its own shares [1] - Dongshan Precision reported a net profit of 1.223 billion yuan for the first three quarters, a year-on-year increase of 14.61% [2] - China Telecom's net profit for the third quarter was 7.756 billion yuan, a year-on-year increase of 3.60% [2] - Ruijie Network reported a net profit of 680 million yuan for the first three quarters, a year-on-year increase of 65.26% [2] - Lihua Microelectronics' shareholder plans to reduce its stake by no more than 3% [2] - Jingu Co. has secured its first low-carbon wheel passenger vehicle OE project from a European local customer [3] - Jindi Co. signed a strategic cooperation framework agreement with Yingboer to promote the application of electric drive system assembly products [3]

Group 1: Shareholder Reductions - Lihe Micro plans to reduce its holdings by no more than 3% [1] - Yiyadi Holdings intends to reduce its stake by no more than 1% [1] - Tongji Technology plans to repurchase no more than 441.55 million shares [1] - Tuoshan Heavy Industry's actual controller plans to reduce holdings by no more than 2.82% [1] - Special Friend Service's Longxin Construction and Jiaxing Chuangze plan to collectively reduce holdings by no more than 2% [1] - Tongyuan Environment's Yuantong Investment plans to reduce holdings by no more than 3% [1] - Huaxiang Co., Ltd.'s controlling shareholder Huaxiang Industry plans to reduce holdings by no more than 3% [1] - Eastern Airlines Investment has cumulatively reduced 9.3975 million shares of Juneyao Airlines [1] - National Integrated Circuit Fund has cumulatively reduced 3.0197 million shares of Zhongjia Port [1] - Shanghai Electric has reduced 13.3333 million shares of Electric Wind Power [1] - Yingqi Management has reduced 799,500 shares of Dagang Holdings [1] - Shareholder Sequoia Capital has cumulatively reduced 1.1739% of Longxun Co., Ltd. [1] - Philips has cumulatively reduced 1.35% of Chuangye Huikang [1] Group 2: Financial Performance - Laimei Pharmaceutical reported a net loss of 45.917 million yuan in the first three quarters [1] - Chuangye Gaisi reported a net loss of 24.9295 million yuan in the first three quarters [1]

Group 1 - The board of directors of Lanfang proposed to adjust the conversion price of Lanfang Convertible Bonds [1][2] - Wanfu Convertible Bonds will not undergo any adjustment [1][2] - Shareholders of Lihua Micro intend to reduce their holdings by no more than 3% of the company's shares [1] Group 2 - The current price of Jingxing Convertible Bonds is 177.100, with a strong redemption price of 100.290 and a remaining scale of 0.040 billion [4] - Montai Convertible Bonds have a current price of 122.900, a strong redemption price of 101.190, and a remaining scale of 0.800 billion [4] - New 23 Convertible Bonds are priced at 139.625, with a strong redemption price of 100.219 and a remaining scale of 2.259 billion [4] Group 3 - The current price of Pudong Development Bank Convertible Bonds is 110.850, with a redemption price of 110.000 and a remaining scale of 30.947 billion [6] - Tianlu Convertible Bonds are priced at 293.269, with a redemption price of 110.000 and a remaining scale of 0.602 billion [6] - Tongguang Convertible Bonds have a current price of 158.888, with a redemption price of 113.000 and a remaining scale of 0.757 billion [6]

Core Insights - On October 21, no A-share listed companies disclosed any increase in shareholding, while 12 companies announced share reductions [1][3] Group 1: Company Reductions - Bona Film Group's stake held by Dongyang Alibaba has dropped below 5% [3] - Lihua Microelectronics' shareholder Lihua Science and Technology plans to reduce its stake by no more than 3% [3] - Jiekang Equipment's shareholder Qiaoshun Chang intends to reduce its stake by no more than 1% [3] - The controlling shareholder Xu Yangshun plans to reduce his stake by no more than 2.82% [3] - Yiatong's shareholder Chaya Tong Holdings plans to reduce its stake by no more than 1% [3] - Tongyuan Environment's shareholder Yuantong Investment plans to reduce its stake by no more than 3% [3] - Beijing Junzheng's shareholder Yitang Shengxin Semiconductor reduced its holdings by 4.8254 million shares from September 16 to October 20 [3] - Koweir's director Xu Wen plans to reduce his stake by no more than 0.0039% [3] - Teifa Service's shareholders Longxin Construction and Jiaxing Chuangze plan to collectively reduce their stakes by no more than 2% [3] - Xianggang Technology's shareholder Huang Wangniu plans to reduce his stake by no more than 2.68% [3] - Huaxiang Co., Ltd.'s controlling shareholder Huaxiang Industry plans to reduce its stake by no more than 3% [3] - The second-largest shareholder of Hengtian Shou, the Big Fund, reduced its holdings by 3.0197 million shares [3]

Core Viewpoint - The company, Lihe Microelectronics, announced that its shareholder, Lihe Science and Technology Innovation, plans to reduce its holdings by up to 4,359,849 shares, representing no more than 3% of the total share capital [1] Summary by Categories Shareholder Actions - Lihe Science and Technology Innovation intends to reduce its stake through both centralized bidding and block trading methods [1] - The reduction through centralized bidding will occur within 90 days after a 15 trading day period following the announcement, with a limit of no more than 1% of the company's shares [1] - The block trading reduction will also take place within the same timeframe, with a limit of no more than 2% of the company's shares [1]

| 证券代码：688589 | 证券简称：力合微 公告编号：2025-055 | | --- | --- | | 债券代码：118036 | 债券简称：力合转债 | 深圳市力合微电子股份有限公司 关于持股 5%以上股东减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 重要内容提示： 大股东的基本情况 截至本公告披露日，深圳市力合微电子股份有限公司(以下简称"公司")持 股 5%以上股东力合科创集团有限公司（以下简称"力合科创"）持有公司股份 18,720,000 股，占公司总股本比例为 12.88%。 力合科创持有公司的上述股份为公司首次公开发行前取得及资本公积转增 取得股份，已于 2023 年 7 月 24 日解除限售并上市流通。 减持计划的主要内容 公司股东力合科创因经营发展需要，拟通过上海证券交易所交易系统以集中 竞价、大宗交易方式减持公司股份合计不超过 4,359,849 股（即不超过公司总股 本的 3%），其中拟通过集中竞价交易方式进行减持的，将于减持计划公告披露之 日起 15 个交易 ...

Group 1 - The core point of the announcement is that Shenzhen Lihua Microelectronics Co., Ltd. has disclosed that its major shareholder, Lihua Science and Technology Group Co., Ltd., holds 18.72 million shares, accounting for 12.88% of the total share capital [1] - Lihua Science and Technology Group plans to reduce its holdings by up to approximately 4.36 million shares through both centralized bidding and block trading on the Shanghai Stock Exchange [1] - The reduction through centralized bidding will occur within 90 days after the announcement, with a limit of no more than 1% of the total shares, while the block trading will also be limited to no more than 2% within the same timeframe [1]

Core Points - The shareholder, Lihe Science and Technology Group Co., Ltd., holding 12.88% of the shares, plans to reduce its holdings due to operational development needs [1] - The planned reduction period is from November 13, 2025, to February 12, 2026 [1] - The total shares to be reduced amount to a maximum of 4.36 million shares, which is 3% of the company's total share capital [1] - The reduction will occur through centralized bidding for up to 1.45 million shares (1%) and block trading for up to 2.91 million shares (2%) [1] - The shares to be reduced are sourced from those acquired before the IPO and from capital reserve conversion [1]

Core Viewpoint - The major shareholder of Lihe Micro (688589), Lihe Science and Technology Group Co., Ltd. (002243), plans to reduce its stake by up to 4.3598 million shares, representing no more than 3% of the company's total share capital [1] Summary by Category - **Shareholder Action** - Lihe Science and Technology Group intends to reduce its holdings through centralized bidding and block trading [1] - The reduction will involve a maximum of 4.3598 million shares [1] - **Ownership Structure** - Lihe Science and Technology Group currently holds 12.88% of Lihe Micro's shares [1]