Fengyuan Chemical: Shareholder's stake drops below 5%

Shandong Fengyuan Chemical (SZSE:002805) announced that shareholder Anhui Jintong New Energy Vehicle Phase II Fund's stake has decreased to 4.99998%. This change is attributed to both the company's non-public offering of shares in 2022, which diluted Anhui Jintong's holdings, and Anhui Jintong's own reduction of shares through centralized bidding transactions between November 14, 2024, and February 13, 2025. Anhui Jintong reduced its holdings by 1,192,300 shares, at prices between 12.07 and 15.80 yuan per share. Following the changes, Anhui Jintong holds 14,003,069 shares. The company states that the change will not affect its control structure.