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]

Core Viewpoint - The company has announced the completion of certain fundraising projects and the permanent allocation of surplus funds to supplement working capital, along with the postponement of some fundraising projects [1][5][6] Fundraising Overview - The company raised a total of RMB 583.68 million through its initial public offering, with a net amount of RMB 512.44 million after deducting issuance costs [1][2] - The funds are managed through dedicated accounts as per the company's fundraising management system [2] Project Status and Adjustments - The project "High-Performance Power Protection Chip R&D and Industrialization" has been completed, with a total investment of RMB 170.36 million, and a cumulative input of RMB 147.35 million as of May 31, 2025 [3][4] - The company plans to permanently allocate surplus funds of RMB 7.84 million to enhance liquidity for daily operations [5] Reasons for Project Completion and Fund Surplus - The completion of the project was based on prudent financial management, cost control, and effective resource allocation, resulting in surplus funds and interest income [4][5] Postponement of Fundraising Projects - The postponement of the "Development Reserve Project" to June 2026 is due to changes in market conditions and the need for further product upgrades [6][7] - The decision to delay does not alter the investment content or total amount of the fundraising projects [7][8] Decision-Making Process - The board and supervisory committee approved the completion of certain fundraising projects and the allocation of surplus funds without requiring shareholder approval [7][8] - The sponsor institution has confirmed that the decision-making process complies with relevant regulations and does not harm shareholder interests [8]