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Advanced Micro-Fabrication Equipment Inc. (Stock Code: 688012.SH) has officially disclosed that, as of the announcement's disclosure date, Shanghai Venture Capital Co., Ltd. possesses a substantial stake of 93,483,533 shares in the company, which equates to 14.93% of the total outstanding share capital. In light of its operational and management requirements, Shanghai Venture Capital has formulated a plan to divest a portion of its holdings. Specifically, it intends to offload shares of the company via block trades within a three-month timeframe, commencing 15 trading days after the announcement's disclosure date. The maximum number of shares slated for divestment will not surpass 1% of the total share capital, translating to no more than 6,261,500 shares. The underlying motive for this share reduction stems from the company's internal operational and management needs.
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