Jingda controller reduces stake, holding now below 8%

Tongling Jingda Special Magnet Wire Co., Ltd. announced that its actual controller, Mr. Li Guangrong, and parties acting in concert have decreased their combined stake, triggering a 1% threshold notification. As of December 11, 2025, their total holding in the company has fallen from 9.00% to 7.83%.

Between November 21 and December 11, 2025, Mr. Li Guangrong divested 14,893,000 shares through centralized bidding, reducing his individual stake from 3.60% to 2.91%. Concurrently, special investment holding company, a party acting in concert, sold 10,309,600 shares, comprising 600,000 via centralized bidding and 9,709,600 via block trades, decreasing its proportion from 3.73% to 3.25%.

Despite the share reduction, the company states that this change will not alter the actual controller or significantly impact its operations. The equity structure remains dispersed, and investors are cautioned to be aware of investment risks.