Shannon Semiconductor Technology announced that shareholder Zhuhai Hengqin Changle Hui Capital Management Co., Ltd. - Changle Hui Capital Exclusive No. 16 Private Equity Securities Investment Fund plans to reduce its holding of 5.96% of the company's shares through centralized bidding within 3 months after 15 trading days from the disclosure date of the announcement, not exceeding 1% of the company's shares, i.e. not more than 4,575,657 shares. The reason for the reduction is the need for funds, and the reduction price will be determined based on the market price.