On November 17th, Jin10 Data reported that Sai Microelectronics announced that its controlling shareholder and actual controller Yang Yunchun plans to reduce its holdings of no more than 5.8577 million shares of the company, which is no more than 0.80% of the total share capital of the company, through centralized Bidding within three months after fifteen trading days from the date of the announcement disclosure (without reducing holdings during the window period). The reason for the reduction is to repay the outstanding debt of stock stake. Yang Yunchun holds 184 million shares of the company, accounting for 25.18% of the total share capital of the company, of which 91.85 million shares have been staked.
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