Southchip Semiconductor Technology (Shanghai) shareholder Shanghai Jiedian has accumulated reduction in the company's 1% stake.

Southchip Semiconductor Technology (Shanghai) (688484.SH) announced that the company recently received a notice letter from its shareholder Shanghai Integrated Circuit Industry Investment Fund Co., Ltd. ("Shanghai Integrated Circuit") regarding the result of the share reduction. As of the close of trading on December 27, 2024, Shanghai Integrated Circuit has cumulatively reduced its holdings of the company's shares by 4.2546 million shares through centralized bidding and block trading, accounting for 1% of the total share capital of the company. The reduction plan has been completed.