Shanghai Awinic Technology (688798.SH) has sold a total of 1.5064 million shares of TongFu Microelectronics (002156.SZ) that it holds.

Shanghai Awinic Technology (688798.SH) announced that as of the beginning of 2024 until the disclosure date of the announcement, the company has sold 1,506,400 shares of TongFu Microelectronics (002156.SZ) through the centralized auction trading system, with a transaction amount of 50.3968 million yuan. The financial asset related to this transaction is classified as "trading financial asset" in the company's financial statements, and is measured at fair value with changes recorded in current period profit and loss. The total income generated from this transaction is 24.0724 million yuan (after deducting the effects of income tax and other factors). The company disposed of some trading financial assets mainly to lock in investment returns and reduce the uncertainty impact of fluctuations in the fair value of related stocks on the company's short-term performance. As of November 16, 2024, the company no longer holds any shares of TongFu Microelectronics. The disposal of these shares will not have any adverse effects on the daily business dealings between the company and TongFu Microelectronics.