Universal Scientific Industrial's controlling stake dips below 77%

Universal Scientific Industrial (Shanghai) announced that the combined shareholding of its controlling shareholder, Universal Scientific Industrial (Shanghai) Co., Ltd., and its concerted parties, ASE Technology Holding Co., Ltd. (Shanghai), decreased from 77.04% to 76.82%. This change, representing a 1% threshold trigger, occurred between December 9, 2020, and December 17, 2025.

The passive dilution resulted from an increase in the company's total share capital by 6,239,716 shares during the period. This growth was driven by the exercise of stock options, adding 27,105,195 shares, and the conversion of "USI Convertible Bonds," contributing 11,776,693 shares, partially offset by the cancellation of 32,642,172 repurchased shares. Despite the reduction in percentage, the number of shares held by the controlling shareholder and concerted parties remained constant at 1,701,847,602 shares.

The company clarified that this equity change does not involve any active increase or decrease in shareholder holdings, does not trigger a mandatory tender offer, and will not materially impact the company's normal production and operation or lead to a change in its controlling shareholder or actual controller.