SBT(SH:688392) Zheng Quan Zhi Xing·2025-06-20 10:37Core Viewpoint - The announcement details a change in the equity stake of a major shareholder, Zhu Xiang, who has reduced his holdings in Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd. to 5.00% through a combination of stock dilution and share reduction, without triggering a mandatory takeover bid [1][2][3]. Summary by Sections 1. Basic Situation of Equity Change - Zhu Xiang's shareholding has decreased to 5,786,700 shares, representing 5.00% of the company after the equity change [1]. - The reduction in shareholding is due to the passive dilution from the vesting of restricted stock and a planned reduction through block trading [1][2]. 2. Details of Share Reduction - Zhu Xiang's shareholding was previously 7,000,000 shares, which accounted for 6.10% of the total shares before the change [2][3]. - The total share capital of the company increased from 114,800,000 shares to 115,733,360 shares due to the vesting of 933,360 restricted shares [1][2]. 3. Subsequent Matters - The equity change does not affect the control of the company or its governance structure, and it will not have a significant impact on the company's ongoing operations [3][4]. - The company will continue to monitor Zhu Xiang's shareholding changes and fulfill its disclosure obligations as required by law [4].