PureTech (603690.SH) controlling shareholder and its concerted action parties plan to reduce their shareholding by no more than 3%.

Zhtng Cijng APP News, Zhchn Technology (603690.SH) announced that it plans to use funds for capital increase or purchase of equity in Weibai Semiconductor (Shanghai) Co., Ltd., a subsidiary of the company, and to repay part of the pledged assets. The company's controlling shareholder, Jing Yun and its concerted action person, L Lngyng, plan to reduce their holdings of the company's shares by no more than 11.4889 million shares through block trading and centralized bidding, accounting for 3% of the total share capital. The implementation of the reduction will take place within three months after 15 trading days from the date of announcement of the reduction plan, with the reduction price determined based on the market price at the time of implementation.