Zhongtai Securities completes A-share issuance, shareholder stakes adjust

Zhongtai Securities Co., Ltd. has successfully completed a private placement of A-shares, issuing 996,677,740 new shares at CNY 6.02 per share. This move aims to increase the company's capital, optimize its business structure, and enhance market competitiveness.

As a result of this transaction, Zaozhuang Mining (Group) Co., Ltd. subscribed to 359,700,996 shares, increasing its holdings from 32.84% to 33.25%. Zaozhuang Mining's investment totaled CNY 2,165,399,995.92, funded by its own capital.

Despite Zaozhuang Mining increasing its stake, its concert party, Xinwen Mining Group Co., Ltd., did not participate in this offering, maintaining its 3.05%. Consequently, the combined ownership of Zaozhuang Mining and Xinwen Mining decreased slightly from 36.34% to 36.31% post-issuance. The newly acquired shares by Zaozhuang Mining are subject to a 60-month lock-up period. This equity change does not alter the company's control or governance structure.