Core Viewpoint - Lixun Microelectronics (688601.SH) announced a share reduction plan by its major shareholder, Wuxi Yijing Investment Co., Ltd., due to funding needs, intending to reduce up to 4,010,781 shares, representing 3.00% of the total share capital [1] Group 1 - Wuxi Yijing Investment plans to reduce shares through centralized bidding and block trading, with a maximum of 1,336,927 shares (1.00% of total shares) via centralized bidding and 2,673,854 shares (2.00% of total shares) via block trading [1] - The reduction will occur within three months after the announcement, starting fifteen trading days post-announcement [1] - As of the last trading day before the announcement, Lixun Microelectronics' share price was 39.19 CNY, estimating the cash amount from the reduction to be approximately 157 million CNY [1] Group 2 - Wuxi Yijing Investment holds 53,833,999 shares of Lixun Microelectronics, accounting for 40.27% of the total share capital, all acquired before the IPO [2] - Lixun Microelectronics was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 28, 2021, with an issuance of 16 million shares at a price of 36.48 CNY per share [2] - The total funds raised from the IPO amounted to 583.68 million CNY, with a net amount of 512.44 million CNY after deducting issuance costs [2]