MeiG Smart shareholders' stakes diluted by incentive plan

MeiG Smart Technology announced that the shareholding proportions of its controlling shareholder, actual controller, and other major investors have been passively diluted, reaching integer multiples of 1%. This change is primarily a result of the company's 2024 stock option and restricted stock incentive plan, which led to an increase in the company's total share capital after restricted stock grants and option exercises.

Specifically, Wang Ping, the controlling shareholder and actual controller, saw his stake decrease from 39.120% to 38.997%, despite his number of shares remaining unchanged. Concurrently, Wang Ping and Shanghai Zhaoge Enterprise Management Center (Limited Partnership), a shareholder holding 5% or more, collectively experienced a dilution from 49.146% to 48.992% while their combined share count stayed constant.

The company clarified that this passive dilution does not involve any change in the number of shares held by the aforementioned shareholders, nor does it entail a tender offer. Furthermore, the company assured that this event will not lead to a change in its control or impact its governance structure and continuous operations.