Tian Shan Aluminum's controlling shareholder sees stake decline

Tian Shan Aluminum Group Co., Ltd. announced that its controlling shareholder, Shihezi City Jinlong Energy Industrial Chain Co., Ltd. (Jinlong Energy), experienced a cumulative reduction in its shareholding due to conversions of "24 Jinlong EB01" and "24 Jinlong EB02" exchangeable corporate bonds. Between October 21 and November 4, 2025, Jinlong Energy's stake decreased by an additional 41,711,663 shares, representing 0.90% of the company's total share capital.

This latest reduction brings Jinlong Energy and its concerted parties' total shareholding to 38.98%. Previously, between July 21 and September 5, 2025, Jinlong Energy's stake had decreased by 593,741 shares (0.0128%). Further conversions between September 11 and October 20, 2025, resulted in an additional 47,172,054 shares (1.01%) being converted, bringing their stake to 40.99%. From October 21 to October 30, 2025, another 51,701,951 shares (1.11%) were converted, reducing their ownership to 39.87%.

Despite these successive reductions, the company stated that this equity change will not alter the status of the controlling shareholder. Investors are advised to be aware of investment risks as the timing and volume of future conversions remain uncertain.