Xin Lang Cai Jing·2025-09-29 10:14Core Viewpoint - Shanghai Xinxiang Microelectronics Co., Ltd. (hereinafter referred to as "Xinxiang Micro") announced a share reduction plan by its major shareholder, Kexin Chip (Hong Kong) Co., Ltd. (hereinafter referred to as "Kexin Chip"), due to its own funding needs [1][2]. Shareholding Situation - Kexin Chip holds 28,619,320 shares of Xinxiang Micro, accounting for 6.23% of the total share capital, with these shares acquired before the company's initial public offering (IPO) [2]. - The planned reduction involves a maximum of 4,595,294 shares, which is up to 1% of the total share capital, to be executed through centralized bidding from October 29, 2025, to January 27, 2026 [2]. Reduction Commitment - Kexin Chip previously made commitments regarding shareholding ratios, quantities, holding periods, reduction methods, and prices, including not selling shares held before the IPO during the lock-up period and adhering to regulations post-lock-up [3]. - The current reduction plan aligns with previously disclosed commitments [3].