Sunyes equity change triggered by forced sales

Shenzhen Sunyes Electronic Manufacturing Holding (SZSE:002388) announced that the shareholding of its major shareholder, Shenzhen Sunyes Electronic Group, and its concert parties, has decreased by 0.6549% between December 4, 2024, and February 11, 2025, triggered by forced sales (334,4511 million shares). The reduction resulted from actions by Ping An Securities and Guosen Securities to liquidate shares held as collateral due to financing default and court orders. Specifically, Ping An Securities disposed shares to cover debts of Shenzhen Sunyes Electronic Group. Guosen Securities executed court-ordered forced sales related to a loan dispute with Haining Hongda Microfinance. Following these transactions, the combined shareholding of Shenzhen Sunyes Electronic Group and its concert parties fell from 7.6505% to 6.9956%. The company clarified that this change will not affect control of the listed company.