Hengmingda's major shareholders adjust holdings, triggering disclosure

Suzhou Hengmingda Electronic Technology announced that its controlling shareholder, actual controller, and parties acting in concert, including Jing Shipi, Jing Jingping, Xia Chen, and Jing Jiang, collectively decreased their direct shareholding from 36% to 35% between August 1, 2025, and September 18, 2025. This 1% change, alongside Xia Chen's accidental acquisition of 1,400 shares (0.0005% of total capital) on August 28, 2025, triggered the 1% and 5% integer thresholds for disclosure.

The total reduction amounted to 2,556,062 shares, primarily executed through centralized bidding and block trading. Post-transaction, Jing Shipi's direct holding is 23.57%, Jing Jingping's 2.28%, Xia Chen's 3.17%, and Jing Jiang's 0.71%. The group also holds an indirect stake of 5.28% via Shenzhen Hengshida Investment Co., Ltd.

This equity adjustment aligns with the previously disclosed plan from June 27, 2025, where the group announced an intention to reduce holdings by up to 7,484,677 shares (3% of total capital) by October 17, 2025, citing personal funding needs. The company confirmed that these changes do not affect the control structure of Suzhou Hengmingda Electronic Technology.