Semitronix Corporation (301095.SZ) and its controlling shareholder, along with other concerted parties, intend to reduce their shareholding by no more than 1.6497%.

Semitronix Corporation (301095.SZ) announced that the actual controller Mr. Zheng Yongjun and his concerted action parties Guangli Gongchuang and Guangli Gongjin plan to reduce their holdings of the company's shares by no more than 325.09 million shares, or 1.6497% of the company's total share capital (excluding shares in the repurchase special securities account). In addition, director Mr. Shi Zheng plans to reduce his holdings of the company's shares by no more than 40,000 shares, or 0.2030% of the company's total share capital (excluding shares in the repurchase special securities account). Deputy General Manager Mr. Li Fei plans to reduce his holdings of the company's shares by no more than 1,600 shares through centralized bidding.