Wanze shares: Shareholding change exceeds 1% amid bond conversion

Wanze Industrial (SZSE:000534) announced that its controlling shareholder, Wanze Group, experienced a decrease in its shareholding due to the conversion of exchangeable corporate bonds. The conversion, related to bonds issued in 2022 and 2023 (22泽EB01, 22泽EB02, 22泽EB03, 22泽EB04, 23万泽EB01, 23万泽 EB02, 23万泽EB03), resulted in the conversion of 12,467,413 shares between January 16, 2025, and February 12, 2025. Consequently, Wanze Group's stake, along with its concerted parties, fell from 38.43% to 36.41%, a change exceeding 1%. The converted shares were A shares, representing a decrease of 1,246,7413 million shares, or 2.02%.