IKD's equity structure shifts as asset acquisition, share issuance dilute stake

As of October 10, 2025, IKD's controlling shareholders and their concert parties experienced a reduction in their combined equity stake from 45.9992% to 43.6589%. This shift is attributed to active share purchases by the controlling shareholder and passive dilution from the company's equity incentive plans, convertible bond conversions, and share issuance for asset acquisition.

The company completed the acquisition of 71% of Zhejiang Zhuoerbo Precision Electromechanical Co. Ltd. via share issuance and cash payment. This transaction involved the issuance of 44,893,247 new shares at a price of CNY 13.70 per share, with registration completed on October 10, 2025. Additionally, the convertible bond "IKD convertible bond" saw its conversion price adjusted from CNY 17.73 to CNY 17.55 per share, effective October 15, 2025, due to the share issuance.

IKD confirmed that the asset acquisition has been approved by the China Securities Regulatory Commission and completed the transfer of the acquired assets, making Zhejiang Zhuoerbo Precision Electromechanical Co. Ltd. a controlling subsidiary. The equity incentive plans and convertible bond conversions have further contributed to the dilution of the controlling shareholders' stake.