Core Viewpoint - The major shareholders of Galaxy Microelectronics (688689.SH) have announced a plan to reduce their holdings, which includes a total reduction of 1,882,294 shares, accounting for 1.46% of the company's total share capital [1][3]. Shareholder Reduction Plans - Changzhou Yinjing Investment Management Center (Limited Partnership) plans to reduce up to 982,391 shares, representing a maximum of 0.76% of the total share capital, through both centralized bidding and block trading from July 17, 2025, to October 16, 2025, due to funding needs [2]. - Changzhou Yinguang Investment Management Center (Limited Partnership) intends to reduce up to 899,903 shares, also representing a maximum of 0.70% of the total share capital, using the same methods and timeframe for similar funding reasons [2]. - Director Meng Lang plans to reduce up to 2,250 shares, which is 0.002% of the total share capital, through centralized bidding during the same period, citing funding needs as the reason [2][7]. Shareholding Structure - Before the reduction plan, major shareholders included: - Changzhou Galaxy Xingyuan Investment Co., Ltd. with 40,747,740 shares (31.61%) - Action Star International Limited with 34,473,000 shares (26.74%) - Yinjing Investment with 6,472,260 shares (5.02%) - Yinguang Investment with 3,992,532 shares (3.10%) - These four entities collectively hold 85,685,532 shares, accounting for 66.47% of the total share capital [3][6]. Company Background - Galaxy Microelectronics was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 27, 2021, with an initial public offering of 32,100,000 shares at a price of 14.01 yuan per share, raising a total of 449.721 million yuan [9]. - The company plans to use the raised funds for semiconductor discrete device enhancement projects and R&D center upgrades [9].
银河微电实控人方及董事拟减持 2021上市2募资共9.5亿