Huading Nylon(SH:601113) Zheng Quan Zhi Xing·2025-07-25 16:37Core Viewpoint - The announcement details a change in voting rights due to the termination of a voting rights entrustment agreement between the controlling shareholder, Zhenai Group, and its concerted actors, which does not trigger a mandatory takeover bid [1][2]. Group 1: Changes in Shareholding Structure - Before the change, Zhenai Group held a total of 275,882,505 shares (24.99% of total shares) through direct holdings and voting rights entrustment [1][2]. - After the change, Zhenai Group's total shares held will decrease to 173,632,633 shares (15.73%), with the voting rights from entrusted shares dropping from 168,505,240 shares (15.26%) to 66,255,368 shares (6.00%) [2]. Group 2: Details of the Termination Agreement - The termination agreement was signed between Zhenai Group and its concerted actors, Yiwu Financial Holdings and Yiwu Shunhe, to revoke the voting rights entrustment for a total of 9.26% of shares [1][3]. - The agreement stipulates that the voting rights relationship is immediately terminated, and Zhenai Group will no longer hold any voting rights associated with the entrusted shares [5][6]. Group 3: Implications of the Change - The change in voting rights does not affect the status of the controlling shareholder or the actual controller of the company [1][2]. - The company emphasizes that this change will not adversely impact corporate governance or ongoing operations [6].