Worldia(SH:688028) Shang Hai Zheng Quan Bao·2025-09-26 19:50Core Viewpoint - The announcement details a significant equity change involving a major shareholder, Zhong Shujin, reducing their stake in Beijing World Diamond Tools Co., Ltd. to below 5%, which does not trigger a mandatory takeover bid [2][7]. Group 1: Equity Change Overview - The equity change involves both a reduction in shares held and passive dilution of holdings due to company actions [2][3]. - After the equity change, Zhong Shujin holds 7,547,500 shares, representing 5.00% of the company's total share capital [2][6]. - The change does not affect the company's controlling shareholder or actual controller [2][7]. Group 2: Passive Dilution Details - The passive dilution occurred due to the company's increase in total share capital from various actions, including stock incentive plans and asset acquisitions [3][4]. - Specific events include: - On September 29, 2022, the total share capital increased to 95,417,203 shares, diluting Zhong's stake from 7.11% to 7.09% [3]. - On November 4, 2022, following an asset acquisition, the total share capital rose to 109,580,960 shares, further diluting Zhong's stake to 6.17% [3]. - On October 10, 2024, after the cancellation of repurchased shares, Zhong's stake increased to 6.23% with a total share capital of 151,997,828 shares [3]. - On August 12, 2025, following another share cancellation, Zhong's stake was adjusted to 6.00% with a total share capital of 150,949,000 shares [4]. Group 3: Active Reduction Details - From December 5, 2024, to September 25, 2025, Zhong Shujin actively reduced their holdings by 1,923,406 shares, equating to 1.27% of the current total share capital [6]. - The overall passive dilution of Zhong's holdings during this period was 0.84% [4]. Group 4: Compliance and Future Actions - The equity change does not trigger a mandatory takeover bid and complies with relevant laws and regulations [7]. - Following this change, Zhong Shujin is no longer classified as a shareholder holding more than 5% of the company [7].