Saiwei Electronics' controlling shareholder Yang Yunchun reduced his holdings to repay debts

According to the announcement of Saiwei Electronics, Yang Yunchun, the controlling shareholder and actual controller of the company, plans to reduce his holdings by no more than 0.80% of the company's total share capital through centralized bidding. The reason for the reduction is to repay the stock pledge debt. Yang Yunchun holds 184 million shares of the company, accounting for 25.18% of the company's total share capital, of which 91.85 million shares have been pledged.