Rocoi(SH:603829) Shang Hai Zheng Quan Bao·2025-10-14 19:36Core Viewpoint - The equity change is due to the conversion of convertible bonds, resulting in a dilution of the shareholding percentage of the largest shareholder and its concerted parties, but does not involve a change in the number of shares held [2][3]. Group 1: Convertible Bond Details - Jiangsu Luokai Electromechanical Co., Ltd. issued 4,034,310 convertible bonds with a total fundraising amount of RMB 403.431 million, with a maturity of 6 years [4]. - The initial conversion price is RMB 15.45 per share, while the current conversion price is RMB 15.33 per share [4]. - As of October 13, 2025, a total of 2,254,853 shares have been converted from the convertible bonds, increasing the total number of shares to 162,254,853 [5]. Group 2: Shareholding Changes - The largest shareholder, Changzhou Luohui Investment Co., Ltd., and its concerted parties saw their combined shareholding percentage decrease from 54.73% to 53.99% due to the bond conversion [2][5]. - This equity change does not trigger a mandatory tender offer and will not lead to a change in the largest shareholder or actual controller of the company [3][6]. Group 3: Future Considerations - The conversion of the convertible bonds is currently ongoing, and the specific number and timing of conversions remain uncertain [7]. - The company will fulfill its disclosure obligations in accordance with relevant laws and regulations if further equity changes occur [7].