Yuanjie Semiconductor Technology Co.,Ltd. (688498.SH) has issued an announcement that the company's controlling shareholder and actual controller ZHANG XINGANG, together with concerted parties Qin Yansheng, Qin Weixing, and Zhang Xinying, plan to reduce their combined holdings by no more than 288,500 shares, or no more than 0.2317% of the company's total share capital, through centralized bidding or block trades due to their own funding needs.
The reduction plan will be implemented within three months after 15 trading days from the date of the announcement disclosure.
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