Gigadevice Semiconductor Inc. (603986.SH) Clarifies Minor Stake in Changxin Technology at 1.80% of Total Shares

Stock News05-26 19:52

Gigadevice Semiconductor Inc. (603986.SH) has issued an announcement regarding abnormal stock price movements. The company noted recent online media reports identifying its stock as a concept stock related to Changxin Technology Group Co., Ltd.'s initial public offering and listing. The company clarifies the situation as follows: as of the date of this announcement, Gigadevice holds only 1.80% of Changxin Technology's current total shares, representing a minor equity stake. Consequently, Gigadevice cannot exert significant influence over Changxin Technology's production, operational, or decision-making processes. The investment in Changxin Technology is accounted for under "other equity instrument investments." Any fair value changes resulting from Changxin Technology's IPO and listing will have no direct impact on Gigadevice's current or future net profit.

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(603986.SH) Clarifies Minor Stake in Changxin Technology at 1.80% of Total Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-05-26 19:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Gigadevice Semiconductor Inc. (603986.SH) has issued an announcement regarding abnormal stock price movements. The company noted recent online media reports identifying its stock as a concept stock related to Changxin Technology Group Co., Ltd.'s initial public offering and listing. The company clarifies the situation as follows: as of the date of this announcement, Gigadevice holds only 1.80% of Changxin Technology's current total shares, representing a minor equity stake. 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