Smartsens has officially disclosed that GZPA Holding Limited (hereinafter simply referred to as 'GZPA'), a shareholder currently holding a 1.25% stake in the company, is set to decrease its ownership share. This move is prompted by GZPA's internal capital requirements. The divestment will be executed via centralized bidding and block trading mechanisms. The aggregate number of shares slated for sale will not surpass 5.8532 million, which equates to a maximum of 1.25% of Smartsens' total outstanding shares. The entire divestment process is scheduled to unfold over a three-month period, commencing three trading days subsequent to the public announcement of this decision.
