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GigaDevice: The actual controller plans to reduce their holdings in the company by no more than 1.6%
People’s Finance and News, April 7—GigaDevice (603986) announced on April 7 that the company has received a “Notification Letter on the Share Reduction Plan” issued by its controlling shareholder and actual controller, Zhu Yiming. Due to personal funding needs, Zhu Yiming plans to reduce the company’s shares by no more than 11.21 million shares, using centralized bidding transactions and block trades, which is approximately 1.6% of the company’s total share capital.