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TFME has made an announcement stating that its controlling shareholder, Nantong Huada Microelectronics Group Co., Ltd., carried out a cumulative reduction in its stake within the company. Specifically, from January 21 to January 23, 2026, Huada Group sold off 15 million shares, which represents 0.99% of the company's total share capital. As a result of this transaction, the shareholding ratio of Huada Group in TFME dropped from 19.79% to 18.80%. Notably, Huada Group has chosen to conclude this share - reduction plan earlier than originally scheduled. It's important to mention that the number of shares reduced did not surpass the initially planned quantity. Moreover, this share - reduction move will neither lead to a change in the company's control nor have an adverse impact on the company's governance structure and its ongoing operations.
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