On September 10, Shanghai HJ Semiconductor disclosed that its principal shareholder, Xinggang Rongchuang, out of its own capital requirements, is set to divest a portion of its shares. Specifically, the shareholder plans to sell no more than 6.692 million shares, which accounts for no more than 1% of the company's total share capital. This divestment will occur within a three-month period following 15 trading days from the announcement's release, and will be executed through either centralized bidding or block trading methods, adhering to standard market practices.
