Zhongwei Semiconductor Equipment (Shanghai) Co., Ltd. announced that its chairman and general manager, Yin Zhiyao, plans to reduce his holdings of the company's shares through centralized bidding and other means within three months starting from 15 trading days after the announcement is disclosed.
On the evening of May 5th, China Microelectronics Equipment (Shanghai) Co., LTD., a major domestic semiconductor equipment manufacturer, issued an announcement stating that its chairman and general manager, Yin Zhiyao, plans to reduce his holdings in the company through centralized bidding and other means within three months starting from 15 trading days after the announcement is disclosed. The reason for the reduction in holdings is personal capital demand, and the source of the reduced shares is obtained before the IPO.
The announcement shows that Yin Zhiyao plans to reduce his holdings by no more than 280,000 shares, accounting for 0.045% of the company's total share capital. Based on the closing price of 188.26 yuan of China Microelectronics Corporation on the trading day before the announcement, the amount that Yin Zhiyao cashed out this time was approximately 52.7128 million yuan. As of the date of the announcement, Yin Zhiyao held 4.3294 million shares, accounting for 0.696% of the total share capital. Yin Zhiyao is not the first time to reduce his holdings in China Microelectronics Corporation. Starting from August 17, 2022, he initiated his first share reduction. So far, a total of 1.8708 million shares of the company's stocks have been reduced, and a total of approximately 236 million yuan has been cashed out. If this share reduction is included, Yin Zhiyao is expected to have reduced his holdings by a total of 289 million yuan. The previous share reduction situation was as follows: On June 18, 2024, 61,000 shares were reduced, cashing out 8.7817 million yuan, and the shareholding ratio dropped to 0.73%. On June 19, 2024, 69,000 shares were sold off, cashed out 10.0148 million yuan, and the shareholding ratio dropped to 0.71%. On August 6, 2024, 100,000 shares were sold off, cashing out 15.3522 million yuan, and the shareholding ratio dropped to 0.70%.
China Microelectronics Corporation holds an important position in the field of semiconductor equipment, and its business development has received extensive attention. Financial report data shows that in 2024, the revenue of China Microelectronics Corporation exceeded 9 billion yuan for the first time, with the revenue from etching equipment increasing by 54.73% year-on-year, further enhancing its global market share. It is particularly worth mentioning that in 2024, the company's R&D investment soared by 94.31% to 2.452 billion yuan, with the R&D proportion reaching 27.05%, highlighting its strategic determination to accelerate breakthroughs in the high-end equipment field.
Yin Zhiyao's share reduction plan this time has sparked much speculation in the market. However, the company stated that the entity responsible for the reduction will decide whether to implement this share reduction plan based on market conditions, the company's stock price and other factors. The implementation of this share reduction plan is subject to uncertainties such as the time, quantity and price of the reduction, and will not have an impact on the company's governance or continuous operation.
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