Announcement on Passive Dilution of Shareholding Ratio of Shareholders Holding Over 5%
Ningbo Xingshui Electronics Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Special Reminder:
- This change in equity is due to the conversion of the Company's convertible bonds "Xingshui Convertible Bonds" (Bond Code: 127090), which has increased the total share capital, leading to the passive dilution of the shareholding ratio of Ningbo Hezhirui Investment Management Partnership (Limited Partnership) (hereinafter referred to as "Hezhirui"). The change in equity ratio has reached a multiple of 1%, while the number of shares held by the aforementioned shareholder remains unchanged.
- This change in equity does not involve a takeover bid, will not lead to a change in the control of the Company, and will not affect the Company's governance structure and ongoing operational capability.