On September 16, Northern Huachuang (002371.SZ) announced that the National Integrated Circuit Industry Investment Fund (also known as the "Big Fund") had reduced its stake in the company through centralized bidding between July 28 and September 15, 2025. The fund sold 2.5919 million shares, representing approximately 0.358% of the total equity. Additionally, due to the exercise of equity incentives, its ownership was further diluted by 0.063%.
After this change, the Big Fund’s ownership dropped from 38.7958 million shares to 36.2039 million shares, and its shareholding ratio decreased from 5.421% to 4.9999%. As a result, it is no longer a shareholder with over 5% stake in Northern Huachuang.
ICgoodFind : The reduction of the Big Fund’s stake below the 5% threshold means its future transactions will no longer be subject to certain disclosure restrictions. This is often seen as a significant signal in the capital markets, and its potential impact on corporate governance and market confidence will be closely watched.
