Yantai China Pet Foods: Share dilution and ownership changes

Yantai China Pet Foods (SZSE:002891) reports that the combined effect of convertible bond conversions and equity changes has triggered significant shifts in its ownership structure. The shareholding of actual controllers, Mr. Hao Zhongli and Ms. Xiao Ailing, has been passively diluted by over 1%. This dilution occurred because convertible bonds ("中宠转2") were converted into shares, increasing the company's total share capital while their holdings remained constant.