Chipown Microelectronics has announced that its controlling shareholder, actual controller, and chairman, Zhang Lixin, intends to reduce his shareholding in the company by a maximum of 2,626,200 shares, representing no more than 2% of the company's total share capital. This reduction will take place from August 27, 2025, to November 24, 2025, via centralized bidding and block trading, driven by personal financial requirements.
