Zhong Guo Jing Ji Wang·2025-07-10 06:41Core Viewpoint - The major shareholders of Yandong Microelectronics (燕东微) plan to reduce their holdings, which may impact the company's stock performance and investor sentiment [1][2]. Shareholder Reduction Plans - The National Integrated Circuit Industry Investment Fund intends to reduce its holdings by up to 12,028,941 shares, representing a maximum of 1% of the total share capital, through block trades or centralized bidding within three months after the disclosure of the reduction plan [1][2]. - Beijing Jingguorui State-owned Enterprise Reform and Development Fund also plans to reduce its holdings by the same amount and under similar conditions [1][2]. Shareholder Holdings - As of the announcement date, the National Integrated Circuit Fund holds 101,023,382 shares, accounting for 8.40% of the total share capital, while Jingguorui holds 98,154,235 shares, representing 8.16% [2]. Company Listing and Financials - Yandong Microelectronics was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 16, 2022, with an initial offering of 17,986,561.7 shares at a price of 21.98 yuan per share [2]. - The total funds raised amounted to 395,344.63 million yuan, with a net amount of 375,651.34 million yuan after deducting issuance costs, which was 24,348.66 million yuan less than the planned amount of 400,000 million yuan [2]. Underwriting and Fees - The total issuance costs were 19,693.29 million yuan, with the lead underwriter, CITIC Securities, receiving 18,200.77 million yuan in underwriting fees [2].