NBD AI Bulletin -- Will Semiconductor Co., Ltd. Shanghai (the Company, SH 603501, closing price: 173.12 yuan) announced on October 26 that the Company received a notice on October 26, 2020, from its controlling shareholder, Mr. Yu Renrong. Mr. Yu Renrong released 60 million shares originally pledged to Yunnan International Trust Co., Ltd. and relevant formalities have been completed, accounting for 21.47% of his holdings.

After the share release, the total number of shares pledged by Yu Renrong and his person acting in concert is 20,3619,009, accounting for 56.34% of their holdings in the Company and 23.58% of the Company's circulating shares. 

The 2019 annual report shows that Will Semiconductor Co., Ltd. Shanghai mainly engages in semiconductor design & sales, and electronic components agency & sales, accounting for 83.33% and 16.4% of its revenue, respectively.

Will Semiconductor Co., Ltd. Shanghai's chairman is Yu Renrong, male, 54 years old, Chinese national, no permanent residence abroad, with a bachelor's degree. The Company's general manager is Wang Song, male, 44 years old, Chinese national, with dual master's degrees from Tianjin University, EMBA of Xi'an Jiaotong University.

Tips on "Stock Trends":

1. The number of shares held by northbound investors decreased by 292,900 in the past 30 days, representing 0.04% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days.

(By Tan Yuhan)

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