第一大股东连续减持，晶方科技无传统意义上的实控人，但称“管理层稳定”

Core Viewpoint - The largest shareholder of Jingfang Technology, Zhongxin Suzhou Industrial Park Venture Capital Co., plans to reduce its stake by up to 13.04 million shares, representing 2% of the total share capital, due to the company's funding needs, indicating a lack of intention to control the company [1][2]. Shareholder Structure - Zhongxin Suzhou Venture Capital has reduced its holdings from 1.03 billion shares (15.77% of total shares) to a planned further decrease, with the second-largest shareholder, Hong Kong Central Clearing Limited, holding only 3.71% [2][3]. - Since becoming the largest shareholder in 2018, Zhongxin Suzhou has not shown any intention to control Jingfang Technology, and has consistently reduced its stake by 2% annually since 2022 [3][4]. Management and Governance - The management team has remained stable, with no significant changes in leadership or operational control despite the ongoing share reductions by the largest shareholder [4]. - The current chairman and general manager, Wang Wei, is nearing retirement age, raising questions about future succession plans, which the company has not publicly addressed [4][5]. Business Strategy - Jingfang Technology is focusing on automotive-grade chips and enhancing its international investment and financing layout, including establishing a production base in Penang, Malaysia, to better meet overseas customer needs [5].