Secote Precision shareholder equity changes announced

Suzhou Secote Precision Electronic Co., Ltd. (SSE:603283) announced changes in shareholder equity related to Zeng Hui's holdings. This adjustment stems from the company's share capital changes due to equity incentive grants, share repurchases for departing employees, and a capital reserve increase in 2024, coupled with Zeng Hui's reduction of shares through centralized bidding and block trading. Zeng Hui's stake decreased to 20.00%, with her total holdings now at 55,718,115 shares. The changes do not trigger a mandatory offer, and the company's controlling rights remain unaffected. The announcement also clarifies that ongoing discussions regarding the company's control rights are still underway between Sun Feng and Zeng Hui, following a divorce-related equity division.