Core Viewpoint - Wuhan Fangu's controlling shareholder Meng Qingnan and his associate Meng Fanbo plan to reduce their holdings by 3% of the company's shares, potentially cashing out approximately 268 million yuan based on the closing price on October 20 [1] Group 1: Shareholding Reduction Plan - Meng Qingnan holds 50,438,267 shares, representing 7.3817% of the total share capital, and plans to reduce his holdings by up to 10,714,039 shares (1.5680% of total shares) within three months starting from November 11, 2025 [1] - Meng Fanbo holds 39,138,141 shares, representing 5.7279% of the total share capital, and plans to reduce his holdings by up to 9,784,535 shares (1.4320% of total shares) in the same period [1] - The total planned reduction by both individuals amounts to a maximum of 20,498,574 shares, or 3% of the total share capital [1] Group 2: Reason for Reduction - The reason for the share reduction is personal financial needs and investments in other industries [1] Group 3: Company Performance and Governance - Wuhan Fangu's net profit has declined for two consecutive years, with a drop of over 90% in net profit for the first half of this year [3] - The company's net profits for the years 2022 to 2024 are projected to be 276 million yuan, 84 million yuan, and 53 million yuan, respectively [3] - Meng Fanbo's planned share reduction complies with his commitment regarding share transfers during his tenure as chairman, and the overall shareholding structure will not change the company's actual control [2]

Core Viewpoint - Wuhan Fangu announced that its controlling shareholder and actual controller Meng Qingnan, along with his associate Meng Fanbo, plan to reduce their holdings in the company from November 11, 2025, to February 6, 2026, due to personal and other investment funding needs [1] Summary by Category - **Shareholding Reduction Plan** - The total shares to be reduced amount to no more than 20.4986 million shares, which represents up to 3% of the company's total share capital [1]

Core Viewpoint - Wuhan Fangu (002194) announced plans for share reduction by major shareholders, indicating potential changes in ownership structure and market sentiment [1] Group 1: Shareholder Actions - The controlling shareholder and actual controller Meng Qingnan plans to reduce holdings by up to 10.714 million shares, accounting for 1.568% of the total share capital within three months after 15 trading days [1] - The controlling shareholder's concerted actor and company chairman Meng Fanbo plans to reduce holdings by up to 9.7845 million shares, representing 1.432% of the total share capital within the same timeframe [1]

Group 1 - The company announced that it received a share reduction plan notification from its controlling shareholder, Mr. Meng Qingnan, and his concerted party, Mr. Meng Fanbo [1] - The total share reduction plan amounts to no more than 20,498,574 shares, which is equivalent to no more than 3% of the company's total share capital [1]

Core Viewpoint - Wuhan Fangu (002194.SZ) announced that its controlling shareholder and actual controller, Mr. Meng Qingnan, along with his concerted actor, Mr. Meng Fanbo, has issued a notice regarding a share reduction plan, which involves a total reduction of no more than 20,498,574 shares, accounting for up to 3% of the company's total share capital [1] Summary by Category - Share Reduction Plan - The share reduction plan involves a maximum of 20,498,574 shares [1] - This reduction represents up to 3% of the company's total share capital [1]

关于控股股东及其一致行动人减持股份的预披露公告 证券代码：002194 证券简称：武汉凡谷 公告编号：2025-038 武汉凡谷电子技术股份有限公司 关于控股股东及其一致行动人减持股份的预披露公告 控股股东、实际控制人之一孟庆南先生及其一致行动人孟凡博先生保证向本 公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、持有武汉凡谷电子技术股份有限公司（以下简称"公司"或"本公司"） 股份 50,438,267 股（占本公司总股本比例 7.3817%）的控股股东、实际控制人 之一孟庆南先生计划自本公告披露之日起 15 个交易日后的 3 个月内（即：2025 年 11 月 11 日至 2026 年 2 月 6 日，法定禁止减持期间除外）以集中竞价交易方 式、大宗交易方式减持本公司股份不超过 10,714,039 股（即不超过公司总股本 的 1.5680%）。 2、持有公司股份 39,138,141 股（占本公司总股本比例 5.7279%）的控股股 东、实际控制人之一致行动人及公司董事长孟凡博先生计划自本公告披露 ...

Group 1 - The company Strongda Circuit has provided information about its major clients in the electronics manufacturing sector, which include Huaxing Yuanchuang, Dafeng Technology, Scanfil, Phoenix, Yibo Technology, Huichuan Technology, Chunxing Precision, Shengjing Micro, and Wuhan Fangu [1] - The company also listed its PCB trading clients, which include Fineline, PCBConnect, and ICAPE, as well as PCB manufacturers such as Würth and HT [1] - Strongda Circuit emphasized that specific details should be referenced from the company's latest announcements and disclosures, and it will fulfill its information disclosure obligations according to relevant regulations [1]

Core Viewpoint - The company, Changda Circuit (301628.SZ), has disclosed its major clients and partnerships in response to investor inquiries, highlighting its diverse customer base in the electronics manufacturing sector [1]. Client Overview - Major clients in the electronics manufacturing sector include Huaxing Yuanchuang (688001.SH), Dafu Technology (300134.SZ), Scanfil, Phoenix, Yibo Technology (301366.SZ), Huichuan Technology (300124.SZ), Chunxing Precision (002547.SZ), Shengjing Micro (603375.SH), and Wuhan Fangu (002194.SZ) [1]. - PCB trading partners consist of Fineline, PCB Connect, and ICAPE [1]. - PCB manufacturers include Würth and HT [1].

Core Viewpoint - Wuhan Guangju Microelectronics, a leading company in the high-end RF front-end chip sector, has faced significant operational challenges leading to the termination of its B+ round financing, initially planned to enhance its business and operational capabilities [1][2]. Group 1: Financing and Investment - In March, Wuhan Guangju announced the completion of over 100 million yuan in B+ round financing aimed at expanding its core business and reinforcing its market position [1]. - The B+ round financing was abruptly terminated due to changes in the operating environment, including foreign policy fluctuations and intensified domestic competition [2]. - The company had previously completed a B round financing in December 2023, with a post-investment valuation of 1.4 billion yuan [6]. Group 2: Operational Challenges - Wuhan Guangju is facing multiple operational difficulties, including rising prices of imported raw materials such as 8-inch high-resistivity silicon wafers and photoresists, exacerbated by geopolitical factors [3]. - The company relies heavily on imported key production equipment, leading to uncertainties in procurement costs and delivery timelines [3]. - Increased price competition from domestic competitors has resulted in a significant drop in target prices for bidding clients, impacting the company's profitability [3]. Group 3: Industry Context - The semiconductor industry is experiencing challenges in the localization of materials and equipment, with domestic suppliers currently only able to meet mature process demands, while advanced process materials require extensive validation and adaptation [4]. - Wuhan Guangju operates as an IDM company, focusing on the design and manufacturing of BAW filters, which are predominantly controlled by foreign firms like Broadcom and Qualcomm [5]. - The company has successfully entered the supply chains of major international clients, including major ODMs and smartphone manufacturers [5].

Core Viewpoint - Wuhan Fangu announced the termination of its investment in Wuhan Guangju Microelectronics to protect the company's and shareholders' interests and control investment risks [2][3] Group 1: Investment Decision - On March 12, 2025, Wuhan Fangu approved a capital increase plan to invest RMB 100 million in Wuhan Guangju, with RMB 11.2068 million allocated to registered capital and RMB 88.793194 million to capital reserves [2] - The investment aimed to support Wuhan Guangju's business development and capacity expansion [2] Group 2: Challenges Faced by Wuhan Guangju - The operating environment for Wuhan Guangju has significantly changed due to external policy fluctuations and intensified domestic industry competition, leading to increased uncertainty in its medium to long-term development [2] - Supply chain challenges include geopolitical impacts on core raw material supplies, limited procurement channels, and rising material prices, particularly for key materials like photoresist and high-purity electronic gases [2] - Capacity expansion challenges arise from reliance on imported key production equipment, with uncertainties in procurement costs and delivery timelines, despite efforts to localize the supply chain [2] Group 3: Market Competition - The domestic RF front-end market is experiencing intensified competition with severe product homogeneity, leading to irrational price competition in 2025, which has significantly reduced product prices for Wuhan Guangju [3] - The company faces challenges in turning profitable in the short term due to these competitive pressures [3] Group 4: Termination Agreement - Following a reassessment of the investment project, Wuhan Fangu decided to terminate the investment to mitigate uncertainties and enhance capital efficiency [3] - On September 25, 2025, a termination agreement was signed, requiring Wuhan Guangju to refund the RMB 100 million investment and corresponding interest within 30 days [3]