Orinko(SH:688219) Zheng Quan Zhi Xing·2025-07-07 16:24Summary of Key Points Core Viewpoint - The announcement details the shareholding changes of the major shareholder, Anqing Tong'an Industrial Investment Fund, which has reduced its stake in Huitong New Materials Co., Ltd. due to funding needs, impacting its ownership percentage significantly [1][2][3]. Shareholder Holding Situation - Prior to the reduction, Anqing Tong'an held 34,136,505 shares, representing 7.20% of the total share capital of the company [1][2]. - As of July 7, 2025, after the reduction, the fund's holdings decreased to 29,468,690 shares, accounting for 5.89% of the total share capital [2][3]. Reduction Plan Implementation - The reduction plan was initially disclosed on March 18, 2025, with a maximum intended reduction of 14,216,800 shares, or 3% of the total shares [1][2]. - The actual reduction was completed through centralized bidding and block trading, totaling 4,667,815 shares, which is 0.93% of the total shares [2][3]. Financial Details of the Reduction - The reduction occurred between April 2025 and July 2025, with a total amount of approximately 60.43 million yuan generated from the sales [2][3]. - The shares were sold at a price range of 12.50 to 13.11 yuan per share [2][3]. Impact of Convertible Bonds - The reduction in shareholding percentage was also influenced by the dilution effect from the conversion of convertible bonds, which increased the total share capital of the company [3][4]. Compliance and Governance - The company confirmed that the changes in shareholding do not significantly affect its governance structure or ongoing operations [4][5].