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TFME (002156.SZ) has disclosed that its primary shareholder, Nantong Huada Microelectronics Group Co., Ltd., currently holding a 19.79% ownership stake, has outlined plans to divest a maximum of 15,175,969 shares. This divestiture equates to no more than 1% of the company's entire share capital and will be executed within a three-month window, commencing 15 trading days post-announcement, via centralized bidding mechanisms. The rationale behind this equity reduction stems from the shareholder's internal operational and strategic management requirements. The shares earmarked for divestment are those acquired prior to the company's initial public offering (IPO), and the divestiture price will be established in accordance with prevailing market rates.
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