<div id="readability-page-1"><div>** Shares of ASR Microelectronics slip 3.1% to 80.4 yuan, after key shareholder trims stake in the company** The Chinese chip maker said its key shareholder Alibaba (China) Technology had completed its share reduction plan, reducing an aggregate of 12.55 mln shares, or 3% stake, through block trade and bidding ** Alibaba (China) Technology now holds 12.4333% of ASR following the reduction** YTD, ASR stock up 48.7%, benchmark CSI 300 Index up 15.7%</div></div>

** Shares of ASR Microelectronics slip 3.1% to 80.4 yuan, after key shareholder trims stake in the company** The Chinese chip maker said its key shareholder Alibaba (China) Technology had completed its share reduction plan, reducing an aggregate of 12.55 mln shares, or 3% stake, through block trade and bidding ** Alibaba (China) Technology now holds 12.4333% of ASR following the reduction** YTD, ASR stock up 48.7%, benchmark CSI 300 Index up 15.7%

ASR Microelectronics falls as key shareholder completes share reduction plan