Smartmicro (stock code: 688512.SH) has disclosed that the National Integrated Circuit Industry Investment Fund Phase II, a significant shareholder with a stake exceeding 5% in the company, intends to divest a portion of its holdings. Specifically, driven by its own capital requirements, the fund plans to reduce its stake by selling no more than 4.6684 million shares via centralized bidding transactions and block trades within the period from November 6, 2025, to February 5, 2026. This planned reduction will not exceed 1% of the company's total outstanding shares.
