On September 30, OmniVision Group (603501), a prominent player in the A-share chip sector, disclosed that its major shareholder, Yu Renrong, intends to divest up to 24 million shares, accounting for 1.99% of the company's total equity, via block trading. This divestment will take place within a three-month window starting 15 trading days after the announcement's release. The primary motive behind this move is to settle outstanding loans and reduce the pledge ratio of his shares. Given the closing price of RMB 151.17 per share on that particular day, the total value of the shares to be sold is projected to hit RMB 3.628 billion. The official statement clarified that this share sale will not trigger a change in the company's controlling power, nor will it disrupt the existing governance framework or hinder the company's operational continuity. Nevertheless, the precise timing, share price, and volume of the divestment remain uncertain and subject to market conditions.