Yibin Paper: Shareholder equity change triggers 1% disclosure

Yibin Paper Industry (SSE: 600793) announced that Shudao Investment Group, a shareholder holding more than 5% of the company's shares, has reduced its stake, triggering a disclosure requirement. Between April 24, 2025, and May 27, 2025, Shudao Investment Group decreased its holdings by 3,414,600 shares through centralized bidding, representing 1.93% of Yibin Paper's total share capital. Following the transaction, Shudao Investment Group's ownership in Yibin Paper has fallen from 11.93% to 10.001%. The company has clarified that the equity change will not affect Yibin Paper's controlling shareholder or actual controller. The shares involved in this equity change enjoy full voting rights and are not subject to any restrictions.