Digital China shareholding diluted due to bond conversion

Digital China Group (SZSE:000034) announced that the shareholding of its controlling shareholder, Guo Wei, has been passively diluted by 0.7443% due to the conversion of convertible bonds and the exercise of options under a 2019 equity incentive plan, resulting in no change of the actual number of shares held by Mr. Guo. Guo Wei's shareholding decreased from 23.7125% to 22.9682% of the total share capital. The total number of company shares outstanding increased from 668,728,880 to 679,268,127. The company emphasized that this change does not affect the control structure.