Summary by Moomoo AI
HUA HONG SEMI Limited announced that the major shareholder, XINXIN (HONG KONG) INVESTMENT CO., LTD., during the period from December 3 to 13, 2024, will reduce its shareholding in the company's Listed in Hong Kong by 17,734,802 shares through the Hong Kong Stock Exchange's block trading, accounting for 1.03% of the company's total share capital. After the reduction, XINXIN HONG KONG's shareholding ratio will decrease from 8.29% to 7.26%.This change in equity will not trigger a mandatory offer and will not result in changes to the controlling shareholder and actual controller of HUA HONG SEMI. The company stated that it would timely fulfill its information disclosure obligations based on subsequent changes in shareholders' holdings. This reduction in shareholding reflects a partial exit by the major shareholder but has no substantial impact on the company's control structure.