Sangfor: Bondholder stake change hits 10% threshold

Sangfor Technologies Co., Ltd. (SZSE:300454) announced that Shanghai Right Honor Asset Management Co., Ltd., through its privately issued and managed securities investment funds, has reduced its holdings of Sangfor's convertible bonds ("Xin Fu Convertible Bonds," code: 123210) by 1,281,059 shares. This represents 10.55% of the total convertible bonds issued, with transactions occurring via centralized bidding between May 16, 2024, and March 6, 2025. Following the transactions, Shanghai Right Honor's holdings decreased from 23.72% to 13.18%, a reduction of 1,600,902 shares, leaving them with 1,600,902 shares. The total initial issuance was 12,147,560 bonds. Sangfor issued a total of 12,147,560 convertible bonds on July 27, 2023.