天赐材料：关于债券持有人可转债持有比例变动达10%的公告

Core Viewpoint - Tianqi Materials announced a significant reduction in the holdings of its convertible bonds by its controlling shareholder, Xu Jinfeng, indicating a strategic shift in investment [1]. Summary by Sections Shareholder Actions - Xu Jinfeng reduced his holdings of Tianqi convertible bonds by 5,004,249 units, which represents approximately 14.67% of the total issuance, between August 19, 2025, and November 5, 2025 [1]. - As of the announcement date, Xu Jinfeng still holds 3,826,321 units of Tianqi convertible bonds, accounting for about 11.22% of the total issuance [1].