Anhui natural gas share dilution, top shareholder impacted

Anhui Province Natural Gas Development Co. announces a passive dilution of equity held by major shareholders, including Hong Kong and China Gas (Anhui) Co. Ltd, whose stake could fall from a potential 20.61% to 15.97%. This dilution stems from ongoing conversion of convertible bonds, and equity incentives, increasing the total share capital. Hong Kong and China Gas (Anhui) sold $930,000 of Anhui Natural Gas’s convertible bonds from November 12, 2024, to December 6, 2024, and sold another $986,140 of the same bonds between December 7, 2024 and February 11, 2025. The company clarifies this doesn't involve any stake increase or decrease from the part of major shareholders. Anhui Natural Gas confirms that the change will not affect the company's controlling shareholder, the practical controller, or corporate governance.