Jingda Special Magnet Wire controller trims stake, ownership more dispersed

Tongling Jingda Special Magnet Wire Co., Ltd. announced a change in equity holdings by its actual controller, Li Guangrong, and parties acting in concert, including Tehua Investment Holding Co., Ltd. and Guangzhou Tehua Investment Management Co., Ltd. Their total equity decreased from 9.27% to 9.00%, a reduction of 0.27%, between November 19 and November 20, 2025.

During this period, Li Guangrong reduced his direct shareholding by 5,907,000 shares, bringing his individual stake from 3.88% to 3.60%. Tehua Investment Holding and Guangzhou Tehua Investment Management did not alter their direct holdings. The company clarified that this change does not alter the actual controller and is not expected to significantly impact its production and operations.

The total shares held by Li Guangrong and his parties acting in concert now stand at 193,426,390 shares. The company stated that if the full reduction plan is completed, their combined holdings would be 135,033,390 shares, representing 6.28% of the total share capital, resulting in a more dispersed ownership structure.