Yantai China Pet Foods cited for disclosure failure by regulator

Yantai China Pet Foods Co., Ltd. has received an administrative regulatory measure decision letter from the China Securities Regulatory Commission Shandong Regulatory Bureau. The company was cited for failing to disclose a change in its controlling shareholder's equity. On April 29, 2025, due to convertible bond conversion, the combined shareholding of the controlling shareholder and its concerted parties decreased from 26.08% to 25.94%, triggering a 1% threshold that required public disclosure.

This non-disclosure violated regulatory measures. As a result, the regulatory bureau has ordered the company to rectify the issue, will conduct supervisory talks, and will record the incident in the securities and futures market integrity database.

The company stated it takes the decision seriously and will review and strengthen its legal and regulatory compliance, particularly regarding disclosure requirements. Yantai China Pet Foods will enhance training for relevant personnel and improve information disclosure quality.