Wuxi Zhenhua(SH:605319) Xin Lang Cai Jing·2026-01-15 19:28Core Viewpoint - The announcement details a significant reduction in the holdings of convertible bonds by the major shareholders of Wuxi Zhenhua Automotive Parts Co., Ltd., which may impact the company's equity structure and investor perception [2][6][9]. Group 1: Convertible Bond Holdings Change - On January 15, 2026, Wuxi Zhenhua received notification that major shareholders, including Wuxi Junrun Investment Partnership and its actual controllers, reduced their holdings of the "Xizhen Convertible Bonds" by 1,369,020 units, accounting for 26.33% of the total issuance of 5,200,000 units [2][6]. - Prior to this reduction, the shareholders held 174,523,000 RMB in face value of the convertible bonds, representing a 62.52% equity stake in the company [3][7]. - After the reduction, the shareholders' holdings decreased to 37,621,000 RMB in face value of the convertible bonds, resulting in a new equity stake of 60.90% [3][7]. Group 2: Convertible Bond Issuance Details - The company issued a total of 52,000,000 RMB in convertible bonds on June 18, 2025, with a maturity of six years and a total of 5,200,000 units at a face value of 100 RMB each [4]. - The coupon rates for the bonds are structured to increase over the six-year period, starting at 0.20% in the first year and reaching 2.30% in the sixth year [4]. - The major shareholders initially acquired 3,401,230 units of the convertible bonds, which is 65.41% of the total issuance [4]. Group 3: Compliance and Regulatory Aspects - The reduction in holdings does not alter the control structure of the company, and it complies with relevant regulations, including the Securities Law of the People's Republic of China [9]. - The company will continue to monitor compliance with shareholding regulations and ensure timely disclosures to investors [9].