Jindan Technology: Shareholding diluted by convertible bond conversions

Henan Jindan Lactic Acid Technology (SZSE:300829) announced that the shareholding of its controlling shareholder, Zhang Peng, has been passively diluted due to the conversion of convertible bonds into shares. Zhang Peng's stake decreased from 17.0913% to 16.8029% of the total share capital, a change of 0.2885%. Factoring out repurchased shares the stake fell from 17.4817% to 17.1800%, a change of 0.3017%. The conversion of "Jindan Convertible Bonds" led to an increase in the company's total share capital from 205,072,392 to 208,593,183 shares as of June 17, 2025. The company clarified that the change does not affect the controlling shareholder status or the company's governance.