Chengdu Sino-Microelectronics Tech (688709.SH) plans to reduce the holdings of the four major shareholders by a total of no more than 2.8576% of the shares.

Chengdu Sino-Microelectronics Tech. (688709.SH) announced that the company recently received a notice of reduction plan from shareholders Huaweizhongzhi, Huawei Zhanfei, Huawei Tongchuang, and Huawei Gongrong. Due to their own capital needs, the above-mentioned reduction entities plan to reduce their total shareholding of the company by no more than 2.8576% through centralized bidding or block trading within 15 trading days from the date of this announcement or within 3 months after 3 trading days.