Nanshan Aluminium controlling shareholder's equity decreases due to bond conversion

Shandong Nanshan Aluminium Co., Ltd. has announced progress regarding its controlling shareholder, Nanshan Group Co., Ltd.'s, non-publicly offered exchangeable corporate bonds. The “23 Nanshan 01EB” exchangeable bonds, with a total issue size of 883.33 million yuan, have entered their share conversion period, which is ongoing until April 21, 2026.

As a result of the exchangeable bonds' conversion, Nanshan Group Co., Ltd. and its consistent parties have seen their combined shareholding in the Company decrease from 43.46% to 42.43%. This 1.03% change has triggered the 1% threshold for equity changes. The total shares held by Nanshan Group Co., Ltd. and its consistent parties now stand at 4,927,909,553 shares.

The Company emphasizes that this equity change is a passive decrease in the controlling shareholder's stake and does not trigger a tender offer. It also confirms that this change will not affect the Company's controlling shareholder or actual controller. Investors are advised to be aware of investment risks due to the uncertainty surrounding bondholders' decisions to convert shares.