Shannon Semiconductor Technology (300475.SZ): ChangLe Hui Capital Exclusive 16 proposes to reduce its shareholdings by no more than 1%.

Shannon Semiconductor Technology (300475.SZ) announced that the company has received a "Notice of Reduction Plan" from Zhuhai Hengqin Changlehui Capital Management Co., Ltd., the manager of ChangLehui Capital Exclusive No. 16 Private Equity Securities Investment Fund, a shareholder holding more than 5% of the company's shares. The plan is to reduce their holdings of the company's shares through centralized bidding within 3 months after the date of this announcement (from October 23, 2024 to January 22, 2025), with a maximum reduction of 4,575,700 shares (1% of the total share capital of the company).