Partial shareholders of Zbit Semiconductor, Inc. (688416.SH) intend to collectively reduce their shareholding by no more than 3%

Zbit Semiconductor, Inc. (688416.SH) announced that due to its own funding needs, Dong Xiangyu plans to reduce his holdings by up to 1.75% of the total shares of the company (or 1.45 million shares); Zhongan Luyang plans to reduce its holdings by up to 0.69% of the total shares of the company through bulk trading (or 573,900 shares); Tianying Hesheng plans to reduce its holdings by up to 0.56% of the total shares of the company through concentrated bidding (or 463,100 shares). Dong Xiangyu's reduction plan will be carried out within 3 months after 15 trading days from the date of the announcement; Zhongan Luyang's reduction plan will be carried out within 3 months after 3 trading days from the date of the announcement; Tianying Hesheng's reduction plan will be carried out within 3 months after 3 trading days from the date of the announcement.