Halo Microelectronics announced that shareholder Chongqing Weichun Enterprise Management Consulting, holding more than 5% of shares, has decided to terminate its share reduction plan early. Chongqing Weichun originally planned to reduce its holdings by no more than 4.1304 million shares, representing no more than 1.00% of the company's total share capital. As of July 24, 2026, it had cumulatively reduced its holdings by 1.6745 million shares, accounting for 0.40% of the current total share capital, with a total reduction amount of approximately 32.2428 million yuan. After the reduction, Chongqing Weichun's shareholding decreased to 22.2771 million shares, and its shareholding ratio dropped from 5.80% to 5.36%. The company's total operating revenue for the first quarter of 2026 was 251 million yuan, a year-on-year increase of 41.50%.
Halo Microelectronics Co. Ltd. AMajor shareholder ends share reduction plan early, reducing overhang and signaling confidence.