SICC CO.(SH:688234) Shang Hai Zheng Quan Bao·2025-08-21 20:24Core Viewpoint - The announcement details a passive dilution of shareholding percentages for significant shareholders of Shandong Tianyue Advanced Technology Co., Ltd. due to the issuance of H-shares and listing on the Hong Kong Stock Exchange, without triggering a mandatory takeover offer [3][4][10]. Group 1: Shareholding Changes - The issuance of H-shares has led to a total increase in the company's share capital, resulting in a passive dilution of shareholding percentages for certain shareholders [3][8]. - After the dilution, the shareholding percentage of Zong Yanmin and his concerted actions (Shanghai Maiming Enterprise Management Center and Shanghai Zhu'ao Enterprise Management Center) decreased from 38.48% to 34.63%, while their total shareholding remains unchanged at 165,335,726 shares [4][10]. - The shareholding percentage of Guocai Equity Investment Fund (Jinan) decreased from 9.00% to 8.10%, with the number of shares held remaining at 38,673,994 [4][10]. - Hubble Technology Venture Capital Co., Ltd. saw its shareholding percentage decrease from 6.34% to 5.71%, with a constant shareholding of 27,262,500 shares [4][10]. Group 2: Control and Offer Implications - The changes in shareholding will not result in a change of the controlling shareholder or actual controller of the company [4][10]. - The rights change does not involve any funding sources and does not trigger a mandatory takeover offer [11]. - There is uncertainty regarding whether the company will exercise the over-allotment option in its issuance, and any future changes in rights will be disclosed in accordance with regulations [11].