Following a recent surge in its stock price, the National Integrated Circuit Industry Investment Fund (commonly known as the "Big Fund") and the company's founder Yin Zhiyao, among others, have announced plans to reduce their holdings in the semiconductor equipment giant Advanced Micro-Fabrication Equipment Inc. China (AMEC).
AMEC disclosed on the evening of May 22nd that it received a "Notice Regarding Share Reduction Plan" from Xunxin (Shanghai) Investment Co., Ltd. (Xunxin Investment). Xunxin Investment plans to reduce its holdings in the company by no more than 2% of the total share capital, equivalent to no more than 12.5768 million shares, within three months starting from 15 trading days after the announcement date. The reduction will be conducted through methods such as centralized bidding and block trades, in compliance with relevant regulations, with the stated reason being the fund's own operational management needs.
Xunxin Investment is a wholly-owned subsidiary of the National Integrated Circuit Industry Investment Fund Co., Ltd. As of the announcement date, Xunxin Investment holds 55.951 million shares of AMEC, representing 8.9% of the company's total share capital.
Xunxin Investment acquired its shares in AMEC prior to the company's initial public offering. It had previously conducted share reductions from September to November 2025 and from February to April 2026, selling 12.5229 million shares on each occasion.
Simultaneously, AMEC announced that it recently received "Letters of Intent for Share Reduction" from Chairman and General Manager Yin Zhiyao and other executives. Due to funding needs for exercising stock incentives and tax payments, Yin Zhiyao and others plan to reduce their holdings within three months starting from 15 trading days after the announcement date, through methods including centralized bidding, in compliance with regulations. The specific details are as follows:
Yin Zhiyao plans to reduce his holdings by no more than 100,000 shares, representing approximately 0.016% of the total share capital. Director and Deputy General Manager Cong Hai plans to reduce his holdings by no more than 11,000 shares, representing approximately 0.002% of the total share capital. Director and Deputy General Manager Tao Heng plans to reduce his holdings by no more than 5,844 shares, representing approximately 0.001% of the total share capital. Deputy General Manager Jin Ju plans to reduce his holdings by no more than 6,250 shares, representing approximately 0.001% of the total share capital. Chief Financial Officer and Deputy General Manager Chen Weiwen plans to reduce his holdings by no more than 80,000 shares, representing approximately 0.013% of the total share capital. Deputy General Manager He Yi plans to reduce his holdings by no more than 15,000 shares, representing approximately 0.002% of the total share capital. Deputy General Manager Jiang Yinxin plans to reduce his holdings by no more than 3,544 shares, representing approximately 0.001% of the total share capital.
Background information shows that Yin Zhiyao, the founder of AMEC, is 82 years old. He previously worked for internationally renowned semiconductor companies such as Intel, Lam Research, and Applied Materials. Since 2004, he has served as Chairman, General Manager, and a core technical personnel at AMEC.
On May 22nd, AMEC's stock closed at 469.6 yuan per share, giving the company a latest market capitalization of 295.3 billion yuan.
Comments