Tongling Jingda major shareholder reduces stake below 5%

Tongling Jingda Special Magnet Wire Co., Ltd. announced that its major shareholder, Ms. Qiao Xiaohui, has reduced her stake in the company, falling below the 5% ownership threshold. Before the share reduction, Ms. Qiao held 170,000,000 shares, representing 7.91% of the total share capital. The reduction plan, initially disclosed on September 9, 2025, aimed to decrease her holdings by up to 64,470,000 shares, or 3% of the total share capital.

During the period from October 14, 2025, to December 24, 2025, Ms. Qiao sold 21,461,000 shares via centralized bidding and 42,821,600 shares via block trading, totaling 64,282,600 shares at prices ranging from 9.00 to 11.88 yuan per share, generating a total of 631,818,881 yuan. The share reduction plan was terminated early on December 24, 2025.

Following these transactions, Ms. Qiao Xiaohui now holds 105,717,400 shares, representing 4.92% of the company's total share capital. This adjustment means Ms. Qiao is no longer a shareholder with more than 5% ownership. The company clarified that this change will not affect its control or governance structure.