Core Viewpoint - The report details the equity changes of Baomin Electronics Co., Ltd, highlighting a passive increase in shareholding due to the company's share repurchase and a reduction in shares held by the disclosing parties, which brought their combined shareholding to 5% [1][2][5]. Group 1: Equity Change Overview - The disclosing parties, Liu Yanping and Xie Jianzhong, experienced a passive increase in their shareholding percentage due to the company's cancellation of repurchased shares and personal financial needs leading to a reduction in their holdings [3][4]. - Prior to the equity change, Liu Yanping held 2.66% and together with Xie Jianzhong, they held 6.21% of the company [3][4]. - After the equity change, the total shareholding of the disclosing parties is 31,519,912 shares, representing 5.00% of the company's total share capital [5][6]. Group 2: Shareholding Details - The total share capital of the company before the equity change was 638,023,104 shares, which was reduced to 630,398,004 shares after the cancellation of 7,625,100 shares [5][6]. - The disclosing parties executed a share reduction plan, where Xie Jianzhong planned to reduce his holdings by up to 2,443,200 shares, equivalent to 0.39% of the total share capital, between August 4, 2025, and October 31, 2025 [4][5]. - The disclosing parties confirmed that they do not intend to increase their holdings in the next 12 months following the equity change [4][5].
博敏电子: 博敏电子简式权益变动报告书