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Sunplus Innovation Technology has released an announcement confirming that its current controlling shareholder, Will Semiconductor International, along with shareholder Win Channel, have entered into a share transfer and voting rights delegation agreement with Powerchip Technology. Pursuant to this agreement, Powerchip Technology will acquire a 14.20% equity stake in Sunplus Innovation Technology and will also receive delegated voting rights from Will Semiconductor International, effectively becoming the company's new controlling shareholder. Following this transition, Sunplus Innovation Technology will find itself in a situation without a de facto controller. Furthermore, the company's shares are scheduled to resume trading from June 10, 2025.
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