Guizhou Gas(SH:600903) Zheng Quan Zhi Xing·2025-05-19 09:54Core Viewpoint - The report outlines the equity changes of Guizhou Gas Group Co., Ltd., indicating a reduction in shareholding by the information disclosure obligor, Guiyang Industrial Investment Co., Ltd., due to both passive dilution from convertible bonds and active share reduction through trading [1][2][3]. Group 1: Equity Change Details - The information disclosure obligor's shareholding in Guizhou Gas decreased from 20.25% to 20.00%, a reduction of 2,776,160 shares, due to the conversion of "Guizhou Gas Convertible Bonds" and active trading [7][8][9]. - The reduction in shareholding occurred between August 1, 2023, and May 19, 2025, with the shareholding ratio reaching a multiple of 5% [8][9]. - The obligor plans to continue reducing its shareholding in the next 12 months, with no intention to increase its stake [8][11]. Group 2: Information Disclosure Obligor Overview - Guiyang Industrial Investment Co., Ltd. has a registered capital of 1,000,000 million yuan and is primarily engaged in investment activities [5]. - The major shareholders of the obligor include Guiyang Industrial Development Holding Group Co., Ltd. (79% ownership) and Guiyang Foreign Trade Development Group Co., Ltd. (13% ownership) [5][6]. - The obligor has not faced any administrative or criminal penalties in the last five years [6][7]. Group 3: Regulatory Compliance - The report complies with the relevant laws and regulations, including the Securities Law of the People's Republic of China and the Measures for the Administration of Acquisitions of Listed Companies [2][3]. - The obligor has committed to the accuracy and completeness of the report, taking legal responsibility for any misrepresentation [2][3].