Major shareholder trims stake in Jingda Special Magnet Wire

Ms. Qiao Xiaohui, a major shareholder in Tongling Jingda Special Magnet Wire Co., Ltd., has decreased her stake in the company. Between December 8, 2025, and December 16, 2025, Ms. Qiao sold a total of 27.354 million shares, representing 1.27% of the company's total share capital. The sales were conducted through a combination of centralized bidding and block trades.

Following these transactions, Ms. Qiao's ownership in Jingda Special Magnet Wire has decreased from 6.79% to 5.52%. This change in equity crosses the 1% notification threshold. The company confirmed that this reduction aligns with previously disclosed plans by the shareholder and does not trigger a mandatory tender offer.

The company stated that this change in equity does not alter the controlling shareholder or the actual controller of Jingda Special Magnet Wire. Furthermore, the transaction complies with relevant securities laws and regulations, and Ms. Qiao remains within the period of her disclosed reduction plan.