---
title: "GigaDevice Chairman Cuts A-Share Stake but Pledges 12-Month Lock-Up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294217321.md"
description: "GigaDevice Chairman Zhu Yiming reduced his A-share holdings by approximately 1.58% between May 6 and June 12, 2026, via centralized bidding and block trades. Post-sale, he and InfoGrid Limited hold roughly 6.80% of the company. Zhu pledged a 12-month lock-up starting July 29, 2026, to reassure investors regarding ownership stability."
datetime: "2026-07-29T13:38:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294217321.md)
  - [en](https://longbridge.com/en/news/294217321.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294217321.md)
generator: "portal-rs"
---

# GigaDevice Chairman Cuts A-Share Stake but Pledges 12-Month Lock-Up

An announcement from Giga Device Semiconductor Inc. Class H ( (HK:3986) ) is now available.

GigaDevice Semiconductor Inc. announced that chairman and executive director Zhu Yiming has reduced his holdings of the company’s A shares by 11,110,637 shares between May 6 and June 12, 2026, via centralized bidding and block trades, cutting his stake by about 1.58% of total share capital. After the sale, Zhu and concert-party InfoGrid Limited jointly hold 47,700,876 A shares, or roughly 6.80% of the company’s share capital, and Zhu has committed not to further reduce his shareholding for 12 months from July 29, 2026, a move likely aimed at reassuring investors about ownership stability and governance continuity.

**More about Giga Device Semiconductor Inc. Class H**

GigaDevice Semiconductor Inc. is a People’s Republic of China-based semiconductor company listed in Hong Kong, primarily engaged in the design and manufacture of integrated circuits. Its A shares trade on the mainland market, and major shareholders, including chairman and executive director Zhu Yiming, play a significant role in its equity and governance structure.

**Average Trading Volume:** 3,488,894

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$354.1B

Find detailed analytics on 3986 stock on TipRanks’ Stock Analysis page.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**