Jinling Sports(SZ:300651) Zheng Quan Zhi Xing·2025-07-15 10:25Core Viewpoint - The announcement details the passive dilution of the shareholding ratio of the controlling shareholder and actual controller of Jiangsu Jinling Sports Equipment Co., Ltd. due to the conversion of convertible bonds, resulting in a decrease from 55.90% to 53.15% without any change in the number of shares held [1][2]. Group 1: Shareholding Changes - The total shareholding ratio of the controlling shareholders and their concerted actors decreased by 2.75% due to the conversion of convertible bonds, with individual reductions as follows: Li Jiangang (0.95%), Li Chunrong (0.91%), Li Jianfeng (0.78%), and Shi Meihua (0.13%) [1][2]. - The total number of shares increased from 133,359,676 to 140,257,895 due to the conversion of 6,898,219 shares from the convertible bonds [2][3]. Group 2: Shareholding Structure - Before the change, the shareholding structure was as follows: Li Chunrong held 24,411,700 shares (18.31%), Li Jianfeng held 21,101,066 shares (15.82%), Shi Meihua held 3,371,950 shares (2.53%), and Li Jiangang held 25,665,880 shares (19.25%) [2]. - After the change, the shareholding structure adjusted to: Li Chunrong (17.40%), Li Jianfeng (15.04%), Shi Meihua (2.40%), and Li Jiangang (18.30%) [2]. Group 3: Regulatory Approval - The issuance of the convertible bonds was approved by the China Securities Regulatory Commission, allowing the company to issue 250 million yuan worth of convertible bonds, which began trading on February 18, 2021 [2]. - The conversion period for the bonds was from July 26, 2021, to July 14, 2025 [2]. Group 4: Governance Impact - The changes in shareholding ratios do not affect the stability of the company's control or its governance structure, ensuring continued operational stability [3].