After selling 11.11 million shares for about CNY 4.4 billion, Zhu Yiming backed a cancellatory buyback and outlined a stake increase plan of at least CNY 1 billion.
GigaDevice said controlling shareholder and actual controller Zhu Yiming sold 11.11 million shares between May 6 and June 12, 2026, through competitive bidding and block trades, reducing about 1.58% of the company’s total share capital and cashing out roughly CNY 4.4 billion. Following the sales, Zhu Yiming and acting-in-concert party Hong Kong Winbond Limited held 47.70 million shares, or 6.80% of total share capital, and Zhu pledged not to reduce his holdings for 12 months starting July 29, 2026. On the same day, the company disclosed a proposal to repurchase no less than CNY 1 billion and no more than CNY 2 billion of A-shares through competitive bidding for cancellation, while Zhu also announced a personal stake increase plan of at least CNY 1 billion between December 13, 2026, and July 29, 2027. The sequence of a large share sale followed by a buyback and planned increase has drawn market attention as investors assess capital needs, valuation signals and the potential effect of a cancellatory repurchase on earnings per share and perceived selling pressure.