WINGTECH(SH:600745) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-06 03:30Core Viewpoint - The major shareholder, Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership), plans to reduce its stake in Wentai Technology by selling up to 37,339,080 shares, which represents a maximum of 3% of the company's total share capital as of November 4, 2025 [2][4]. Group 1: Shareholder Information - Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership) holds 96,718,566 shares, accounting for 7.77% of Wentai Technology's total share capital [2]. - The shares held by the major shareholder are all unrestricted tradable shares acquired through the company's issuance of shares for asset purchases [2]. Group 2: Reduction Plan Details - The reduction plan includes selling up to 24,892,720 shares through block trades (not exceeding 2% of total share capital) and up to 12,446,360 shares through centralized bidding (not exceeding 1% of total share capital) [2][4]. - The reduction will take place within three months after the announcement, starting 15 trading days post-announcement, with the selling price determined by market conditions [2]. Group 3: Lock-up Commitment - The major shareholder previously made a lock-up commitment during a significant asset restructuring in 2019, agreeing not to transfer shares for 12 to 36 months depending on the duration of asset ownership [6]. - The lock-up period applies to shares obtained through the restructuring and any additional shares acquired due to corporate actions like stock dividends [6]. Group 4: Compliance and Risk - The major shareholder confirms that there are no circumstances preventing the reduction of shares as per the relevant regulations [7]. - The actual number of shares sold and the price may vary based on market conditions, indicating uncertainty in the implementation of the reduction plan [7].