Nengte Tech's shareholding structure shifts after buyback

Hubei Jingjiang Industrial Investment Group saw its ownership stake in Nengte Technology (SZSE:002102) passively increase to 30.0143104% after Nengte cancelled its repurchased shares. The buyback involved 1,255,800 shares initially intended for an equity incentive plan and were then cancelled. This passive increase triggered an acquisition report, though it qualifies for an exemption from a full tender offer under acquisition rules. Despite the change, Hubei Jingjiang remains the controlling shareholder, with final control residing with the Jingzhou State-owned Assets Supervision and Administration Commission. The report confirms no changes to Nengte's business operations or control structure are planned. The acquisition has been filed with the Shenzhen Stock Exchange.