ASR Microelectronics has disclosed that its shareholder, Alibaba (China) Network Technology Co., Ltd. (hereinafter referred to as "Alibaba Network"), has successfully carried out its planned share reduction. Through block transactions and centralized bidding methods, Alibaba Network divested a total of 12.549 million shares, which represents 3% of ASR Microelectronics' total equity. The share prices for this reduction ranged from 73.42 yuan to 99.46 yuan per share, culminating in a total divestment amount of 1.056 billion yuan. Following the share reduction, Alibaba Network's stake in ASR Microelectronics has decreased to 12.4333%.
