Lion Microelectronics has made a public announcement stating that its shareholders, namely Hongxiang Investment, Hongwan Investment, and Shanghai Jinruida, driven by financial requirements, have formulated a plan to collectively divest their holdings. The divestment will involve selling no more than 7.7 million shares of the company's stock, which constitutes no more than 1% of the company's entire share capital. This transaction is set to take place within a three-month timeframe, commencing on August 3, 2026, and will be executed through centralized bidding mechanisms.
