IAT(SZ:300825) Xin Lang Cai Jing·2025-09-08 12:49Core Viewpoint - The major shareholder of Alter Automotive Technology Co., Ltd. has reduced its shareholding, bringing the total shareholding ratio down to 14.99999% after the recent equity change [1][2]. Summary by Sections Share Reduction Progress - On July 17, 2025, the company announced a pre-disclosure regarding the major shareholder's plan to reduce shares by up to 14,656,279 shares within three months, starting from August 8, 2025, to November 7, 2025 [2]. - Recently, the major shareholder, Alter (Qingdao) Automotive Technology Consulting Co., Ltd., has reduced its shares by 1,947,700 shares through block trading, accounting for 0.40% of the total share capital after excluding repurchased shares [2]. - As of the report date, Alter Consulting holds 65,631,830 shares, while Mr. Xuan Qiwu and Ms. Liu Jian hold 5,549,521 shares and 2,100,000 shares, respectively, totaling 73,281,351 shares, which is 14.99999% of the total share capital after excluding repurchased shares [2]. Review of Equity Changes - Since the company's initial public offering on March 27, 2020, there have been multiple changes in share capital, including stock issuance to specific targets, restricted stock incentive plans, share buybacks, and employee stock ownership plans [3]. - For instance, on October 29, 2021, the company issued 23,990,729 shares at a price of 32.88 yuan per share, resulting in a decrease in the major shareholder's total holding ratio to 15.21% [3]. Impact Interpretation - The nature of this equity change is a reduction in shareholding ratio, which does not trigger a mandatory takeover and will not lead to changes in the company's controlling shareholder or actual controller, nor will it affect the company's governance structure and ongoing operations [4]. - The major shareholder's reduction aligns with the previously disclosed reduction plan, and the actual number of shares reduced has not exceeded the planned amount as of the announcement date [4]. - The company will continue to monitor the progress of the major shareholder's reduction plan and fulfill its information disclosure obligations as required [4].