Kehua Data shares diluted by convertible bond conversion

Kehua Data (SZSE: 002335) announced that the shareholding ratio of its controlling shareholder, actual controller, and parties acting in concert was passively diluted, triggering a 1% threshold announcement. This dilution stems from the conversion of CNY 149,206,800 of "Kehua Convertible Bonds" (127091) issued on August 23, 2023, into 53,846,650 shares as of April 24, 2025. Consequently, the total share capital increased to 515,414,041 shares. While the number of shares held by the controlling shareholder group remained constant at 17,131,4966, their percentage of ownership decreased from 37.1159% to 33.2383%, a dilution of 3.8776%. The company clarified that this change does not involve any change of control, nor affect the current corporate governance.