Tiantie Tech shareholding dilution triggers 1% threshold disclosure

Zhejiang Tiantie Technology Co., Ltd. (SZSE:300587) announced that the combined effect of a share repurchase completed in October 2024 and the grant of restricted stock in June 2025 resulted in a passive dilution of the shareholding percentage held by its controlling shareholder, actual controller, and their concerted parties. The dilution reached an integer multiple of 1%, requiring disclosure. Specifically, the repurchase of 4,396,336 shares in October 2024, including 202,830 shares from an affiliated party, resulted in a slight increase in their holding ratio by 0.0706%. Subsequently, the issuance of 131,925,000 shares under the 2025 restricted stock incentive plan led to a dilution of 2.3786%. Overall, the combined passive dilution decreased the shareholding from 23.3371% to 21.0291%. The company confirms this change does not trigger a mandatory tender offer, alter the controlling shareholder, or significantly impact corporate governance or ongoing operations.