Group 1 - The company, Tongling Nonferrous Metals Group Co., Ltd., has been approved to issue 214.6 million "Tongling Ding 02" convertible bonds, which will be listed on the Shenzhen Stock Exchange starting March 6, 2024 [1] - Nord Fund subscribed to 10 million bonds in September 2023, accounting for 46.60% of the total issuance [1] - Between April 11, 2024, and September 16, 2025, Nord Fund will transfer and convert bonds multiple times, with 2.3 million bonds converted between August 30 and September 16, 2025, representing 10.72% of the total [1] - After the bond conversion, Nord Fund will hold 400,000 bonds, reducing its stake to 1.86% [1]

Core Viewpoint - The announcement details a passive dilution of the controlling shareholder's stake in Tongling Nonferrous Metals Group Co., Ltd. due to the conversion of convertible bonds, which does not change the number of shares held by the controlling shareholder [1][2]. Group 1: Shareholder Changes - The controlling shareholder, Tongling Nonferrous Metals Group Holdings Co., Ltd., experienced a reduction in its shareholding percentage from 47.78% to 46.72% due to the issuance of new shares from the conversion of convertible bonds [1]. - The total number of shares increased from 12,792,920,401 to 13,082,994,710 following the conversion, resulting in a passive dilution of 1.06% for the controlling shareholder [1]. Group 2: Impact on Company Structure - The change in shareholding does not lead to a change in the controlling shareholder and will not affect the company's governance structure or its ongoing operations [2].