vocabularybingo| Ningbo Hongjing, a shareholder of Xidiwei (688173.SH), plans to reduce its shares by no more than 2% in total

Xi Diwei (688173vocabularybingo.SH) announced that on May 23, 2024, the company received a certificate from shareholder Ningbo Meishan Free Trade Port Area Hongjing Equity Investment Partnership (Limited Partnership)(referred to as "Ningbo Hongjing")vocabularybingoAbout the Share Reduction Plan of Xidi Microelectronics Group Co., Ltd.vocabularybingoNingbo Hongjing continues to be optimistic about the company's prospects. In order to meet its own capital needs, it plans to reduce the total number of shares it holds in the company through centralized bidding and block transactions to no more than 819vocabularybingo.500,000 shares, accounting for no more than 2% of the company's total share capital.

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