Situwei (688213.SH) shareholders and directors plan to reduce their shareholding by up to 2.99%.

SITC (688213.SH) announced that the company's shareholders, National Integrated Circuit Industry Investment Fund Phase II Co., Ltd. ("National IC Fund Phase II"), Brizan China Holdings Limited ("Brizan Holdings"), GQC Sizhiwei Technology Industry Investment Partnership Enterprise (Limited Partnership) ("GQC Sizhiwei"), and director and deputy general manager Ma Weijian plan to collectively reduce their holdings in the company by no more than 2.99%.