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On November 25, Ingenic Semiconductor disclosed that its shareholder, Shanghai Huaxin Venture Capital Partnership Enterprise, had initially intended to reduce its stake by a maximum of 3.4176 million shares (equivalent to 3% of the company's total share capital) within a three-month period starting fifteen trading days after the public announcement date. This reduction was to be executed either through centralized bidding or block trading. However, the enterprise has now opted to terminate the share-reduction plan ahead of the scheduled timeline. As of the date of the public announcement, Shanghai Huaxin had not initiated any share reductions and continued to hold 11.1803 million shares, constituting 9.8142% of the company's total share capital.
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