ANG(SH:603689) Shang Hai Zheng Quan Bao·2025-11-17 20:00Core Viewpoint - The announcement details the passive dilution of shareholding for the controlling shareholder, Anhui Energy Group Co., Ltd., due to the conversion of "Wan Tian Convertible Bonds" into A-shares, resulting in a decrease in their ownership percentage from 45.98% to 44.64% [2][3][11]. Group 1: Shareholding Changes - As of November 14, 2025, a total of 322,721,000 yuan of "Wan Tian Convertible Bonds" has been converted into 46,650,738 shares of the company, increasing the total share capital from 509,133,202 shares to 524,354,598 shares [2][3]. - The initial conversion price of the bonds was 11.12 yuan per share, which has now decreased to 6.81 yuan per share [2][3][14]. Group 2: Impact of Conversion - The conversion of the bonds does not trigger a mandatory tender offer and will not change the company's controlling shareholder or actual controller, nor will it affect the company's governance structure and ongoing operations [3][11]. - The bondholders' decision to convert their bonds into shares remains uncertain, which may lead to further changes in shareholding proportions in the future [3][15]. Group 3: Regulatory Compliance - The announcement complies with the requirements set forth by the China Securities Regulatory Commission and relevant laws regarding the disclosure of equity changes [4][7]. - The report confirms that the information provided is accurate and complete, with no misleading statements or significant omissions [8][17].