Core Viewpoint - The shareholder Hubble Technology Venture Capital Co., Ltd. has completed its share reduction plan for Tianyue Advanced, selling a total of 3,876,948 shares, which represents 0.80% of the company's total share capital, for a total amount of 315 million yuan [1] Summary by Sections Share Reduction Details - The share reduction occurred between October 28, 2025, and December 26, 2025, through centralized bidding [1] - The selling price ranged from 66.99 to 94.39 yuan per share [1] - After the reduction, Hubble Technology holds 23,385,552 shares, accounting for 4.83% of the total share capital [1] Compliance with Previous Plans - The actual reduction aligns with the previously disclosed reduction plan, confirming that the plan has been executed as scheduled [1]

Core Viewpoint - Hubble Technology Venture Capital Co., Ltd. has completed its share reduction plan for Tianyue Advanced Technology Co., Ltd., selling a total of 3.8769 million shares, which is 0.8% of the company's total share capital, for approximately 315 million yuan [1][4]. Group 1: Reduction Plan Background - Tianyue Advanced announced on September 27, 2025, that Hubble Investment planned to reduce its holdings by up to 387.6948 million shares, representing no more than 0.80% of the total share capital, due to internal decisions and exit needs [2]. - The reduction period was set from October 28, 2025, to December 26, 2025, starting 15 trading days after the announcement [2]. Group 2: Pre-Reduction Shareholding Situation - Before the reduction, Hubble Investment held 27.2625 million shares, accounting for 5.63% of the total share capital, all acquired prior to the company's initial public offering and listed for trading since January 12, 2023 [3]. Group 3: Reduction Plan Implementation Details - As of December 26, 2025, Hubble Investment completed its reduction plan, selling 3,876,948 shares at prices ranging from 66.99 to 94.39 yuan per share, totaling approximately 315.3 million yuan [4]. - After the reduction, Hubble Investment retained 23.3855 million shares, reducing its ownership percentage from 5.63% to 4.83%, while still being a major shareholder with over 5% ownership [4]. - The company stated that this reduction was a normal behavior based on the shareholder's funding needs and would not significantly impact the company's governance structure or ongoing operations [4].

Group 1 - Tianyue Advanced (SH 688234) announced on December 29 that shareholder Hubble Technology Venture Capital Co., Ltd. has completed a share reduction plan, reducing approximately 3.8769 million shares, accounting for 0.8% of total shares [1] - As of the announcement, Tianyue Advanced has a market capitalization of 44.6 billion yuan [1] Group 2 - A new type of chip has been developed in China, which bypasses the limitations of lithography machines, supporting AI training and embodied intelligence, and can be mass-produced using mature processes of 28 nanometers and above [1]

Core Viewpoint - Hubble Technology Venture Capital Co., Ltd. has completed its share reduction plan for Tianyue Advanced Technology Co., Ltd., selling a total of 3.8769 million shares, which is 0.8% of the company's total share capital, for approximately 315 million yuan [1][4]. Group 1: Background of the Reduction Plan - Tianyue Advanced announced on September 27, 2025, that Hubble Investment planned to reduce its holdings by up to 3.8769 million shares, representing no more than 0.8% of the total share capital, due to internal decisions and exit needs [2]. - The reduction period was set from October 28, 2025, to December 26, 2025, starting 15 trading days after the announcement [2]. Group 2: Shareholding Situation Before Reduction - Before the reduction, Hubble Investment held 27.2625 million shares, accounting for 5.63% of the total share capital, all of which were acquired prior to the company's initial public offering and became tradable on January 12, 2023 [3]. Group 3: Details of the Reduction Plan Implementation - The reduction was completed by December 26, 2025, with Hubble Investment selling 3,876,948 shares at prices ranging from 66.99 to 94.39 yuan per share, totaling approximately 315.3 million yuan [4]. - After the reduction, Hubble Investment retained 23.3855 million shares, reducing its ownership percentage from 5.63% to 4.83%, while still being a major shareholder with over 5% ownership [4]. - The company stated that this reduction was a normal behavior based on the shareholder's funding needs and would not significantly impact the company's governance structure or ongoing operations [4].

| A 股证券代码：688234 | 证券简称：天岳先进 | 公告编号：2025-079 | | --- | --- | --- | | 港股证券代码：02631 | 证券简称：天岳先进 | | 山东天岳先进科技股份有限公司 关于持股 5%以上股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 重要内容提示： 大股东持有的基本情况 本次减持计划实施前，山东天岳先进科技股份有限公司（以下简称"公司"） 股东哈勃科技创业投资有限公司（以下简称"哈勃投资"）持有公司 27,262,500 股，占公司总股本（公司发行 H 股股票并行使超额配售权之后的总股本）的 5.63%。 上述股份来源为公司首次公开发行前取得的股份，已于 2023 年 1 月 12 日起 上市流通。 减持计划的实施结果情况 公司于 2025 年 9 月 27 日在上海证券交易所网站（www.sse.com.cn）披露《持 股 5%以上股东减持股份计划公告》（公告编号：2025-067），基于内部决策及退 出需求，股东哈勃投资拟减持公 ...

Core Viewpoint - Tianyue Advanced experienced a slight decline in stock price on December 23, with a trading volume of 594 million yuan, indicating a high level of trading activity and investor interest in the company [1]. Financing Summary - On December 23, Tianyue Advanced had a financing buy-in amount of 107 million yuan, with a net financing purchase of approximately 20.34 million yuan after repayments [1]. - The total financing and securities lending balance reached 987 million yuan, with the financing balance of 976 million yuan accounting for 2.63% of the circulating market value, indicating a high level compared to the past year [1]. - In terms of securities lending, 4,982 shares were sold on December 23, with a selling amount of approximately 42,970 yuan, and the remaining securities lending balance was 1.06 million yuan, also at a high level compared to the past year [1]. Company Performance - As of September 30, the number of shareholders for Tianyue Advanced increased to 29,600, a rise of 73.90%, while the average circulating shares per person decreased by 17.70% to 14,537 shares [2]. - For the period from January to September 2025, Tianyue Advanced reported a revenue of 1.112 billion yuan, a year-on-year decrease of 13.21%, and a net profit attributable to shareholders of 1.12 million yuan, down 99.22% year-on-year [2]. - The top ten circulating shareholders included notable ETFs, with E Fund's SSE STAR 50 ETF holding 6.2126 million shares, down 907,000 shares from the previous period, and Huaxia's SSE STAR 50 ETF holding 6.0762 million shares, down 355,170 shares [2].

Core Viewpoint - On December 17, several A-share listed companies disclosed their shareholding changes, with some announcing share buybacks while others reported share reductions by major shareholders [1][2]. Group 1: Share Buybacks - Shijian Detection plans to increase its shareholding by 8 million to 12 million yuan [3]. - Huakai Yibai intends to repurchase shares worth 15 million to 30 million yuan [3]. - China Zhongzhi plans to buy back A-shares worth 1 billion to 2 billion yuan [3]. Group 2: Share Reductions - Huayi Brothers' shareholding by Alibaba's investment arm and its concerted parties has dropped below 5% [4]. - Aojie Technology completed a share reduction plan, reducing its total share capital by 3% [4]. - Shareholder Strai of Zhonglun New Materials plans to reduce its stake by no more than 2% [4]. - Shareholder Wang Xianggao of Dayang Biology intends to reduce his stake by no more than 0.68% [4]. - Shareholders of Sanwei Tiandi plan to collectively reduce their holdings by no more than 3.07% [4]. - Directors and executives of Changying Precision plan to reduce their holdings by no more than 0.0281% [4]. - The controlling shareholder of Zhaobiao Co. plans to reduce its stake by no more than 3% [4]. - Jin Feng Technology has completed its reduction plan for Harmony Health Insurance's universal products [4]. - Hubble Investment's stake in Tianyue Advanced has decreased to 5% [4]. - Shareholder Yagor Garment of Shengtai Group plans to reduce its stake by no more than 3% [4]. - Shareholder Cao Lianying of Xingye Co. intends to reduce his stake by no more than 1% [4].

Group 1 - The core point of the article is that Hubble Investment has reduced its stake in Tianyue Advanced from 27.26 million shares (6.34% of total share capital) to 24.23 million shares (5.00% of total share capital) through centralized bidding transactions between October 28, 2025, and December 16, 2025 [1] Group 2 - Before the equity change, Hubble Investment held 27.26 million shares of the company [1] - After the equity change, Hubble Investment's shareholding decreased to 24.23 million shares [1] - The equity change triggered a drop below the 5% threshold in terms of shareholding percentage [1]

Core Viewpoint - Tianyue Advanced (02631) announced that Hubble Investment will reduce its stake in the company through centralized bidding transactions from October 28, 2025, to December 16, 2025 [1] Group 1: Shareholding Changes - Hubble Investment will reduce its holdings by 3.0316 million shares [1] - Prior to this change, Hubble Investment held 27.2625 million shares, representing 6.34% of the company's total share capital [1] - After the reduction, Hubble Investment will hold 24.2309 million shares, which will account for 5.00% of the company's total share capital post-H share issuance [1]

| A | 股证券代码：688234 | 证券简称：天岳先进 | 公告编号：2025-078 | | --- | --- | --- | --- | | 港股证券代码：02631 | | 证券简称：天岳先进 | | 山东天岳先进科技股份有限公司 关于持股 5%以上股东持股比例变动触及 5%刻度的 提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 1、本次权益变动属于山东天岳先进科技股份有限公司（以下简称"公司"） 股东哈勃科技创业投资有限公司（以下简称"哈勃投资"）履行减持股份计划及 公司发行境外上市外资股（H 股）被动稀释所致，不触及要约收购。 2、本次权益变动前，哈勃投资持有公司 27,262,500 股，占公司总股本的 6.34% （总股本以发行 H 股前股本数量计算）。本次权益变动后，哈勃投资持有公司 24,230,900 股，占公司总股本的 5.00%（总股本以发行 H 股后股本数量计算）， 权益变动触及 5%刻度 。 3、本次权益变动为持股 5%以上非第一大股东减持及被动稀释，不会对公 ...