GIGADEVICE Shareholder Transfers Stock from CICC Hong Kong Securities to Yunfeng Securities

Stock News03-04

Hong Kong stock exchange data reveals that on March 4th, a shareholder of GIGADEVICE transferred shares from China International Capital Corporation Hong Kong Securities to Yunfeng Securities. The transferred shares had a market value of HKD 742 million, representing 5.95% of the company's stock. Separately, GIGADEVICE announced plans to expand its industrial footprint in cutting-edge technologies. The company intends to invest RMB 400 million of its own capital as a limited partner to subscribe to the Shanghai Shixi GigaDevice Chip Venture Capital Partnership, which is being established by Beijing Shixi Qingliu Private Fund Management Co., Ltd. The fund will primarily invest in unlisted companies within sectors such as integrated circuits, with no less than 70% of its total committed capital directed towards the integrated circuit field. The investment focus will be on early-stage companies, small and medium-sized enterprises, and high-tech firms.

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