明阳电路：关于控股股东、实际控制人及其一致行动人持股比例被动稀释触及1%整数倍的公告

Core Viewpoint - The announcement from Mingyang Circuit indicates a change in shareholding structure due to the conversion of convertible bonds, resulting in a slight dilution of the controlling shareholders' stake from 48.04% to 47.94% [1] Group 1: Shareholding Structure - Before the equity change, the controlling shareholder, Fengxian Runjiaxi Enterprise Management Co., Ltd., along with actual controller Zhang Peike and their concerted parties, held a total of 173,416,783 shares, representing 48.04% of the company's total share capital of 361,019,411 shares as of October 31, 2025 [1] - From November 1 to November 21, 2025, a total of 80,050 "Mingdian Convertible Bonds 02" were converted, resulting in an increase of 680,681 shares, raising the total share capital to 361,700,092 shares [1] - Consequently, the combined shareholding percentage of the controlling shareholder and concerted parties decreased from 48.04% to 47.94%, reaching a threshold of 1% dilution [1]