SICC CO.(SH:688234) Zhong Guo Jing Ji Wang·2025-08-26 08:11Core Viewpoint - Tianyue Advanced (688234.SH) announced a share reduction plan by its major shareholder, Guocai Equity Investment Fund, intending to reduce up to 9,549,134 shares, representing 2.00% of the total share capital [1][2] Group 1: Share Reduction Details - Guocai Fund plans to reduce shares through two methods: up to 4,774,567 shares via centralized bidding and up to 4,774,567 shares via block trading, each not exceeding 1.00% of the total share capital [1] - The reduction period is set from September 17, 2025, to December 16, 2025, starting 15 trading days after the announcement [1] Group 2: Shareholder Information - As of the announcement date, Guocai Fund holds 38,673,994 shares, accounting for 8.10% of the total share capital, with these shares obtained before the company's initial public offering [1] - Guocai Fund is not the controlling shareholder or actual controller of Tianyue Advanced and has no concerted action parties [1][2] Group 3: Company Financials and IPO Information - Tianyue Advanced was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 12, 2022, with an initial offering price of 82.79 yuan per share, raising a total of 3.558 billion yuan [2] - The net proceeds from the IPO amounted to 3.203 billion yuan, exceeding the original plan by 1.203 billion yuan, intended for silicon carbide semiconductor material projects [2] - The company is currently in a state of share price decline since its IPO [2] Group 4: Hong Kong Listing - Tianyue Advanced also listed on the Hong Kong Stock Exchange (02631.HK) on August 20, with a final offering price of 42.80 HKD per share, raising a total of 2,043.5 million HKD [3] - The net proceeds from the Hong Kong listing, after estimated listing expenses, were 1,938.1 million HKD [3] - The total number of shares issued in the global offering was 47,745,700 H-shares, subject to the exercise of the over-allotment option [3]