Omnivision Integrated Circuits Group, Inc. (603501.SH) announced that its controlling shareholder Mr. Yu Renrong plans to reduce his shareholding to repay loans and lower the pledge ratio. The reduction will involve no more than 24 million shares through block trading, representing no more than 1.99% of the company's total share capital. The share reduction is scheduled to take place within three months following 15 trading days from the date of this announcement disclosure.
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