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ST Zhonglu announced that between August 28 and October 14, 2026, the controlling shareholder of the company, Shanghai Zhonglu Co., Ltd. passively reduced its holdings of the company's shares by 2.885,500 shares through centralized bidding transactions due to judicial enforcement, accounting for 0.89% of the company's total share capital. After the reduction in holdings, Zhonglu Group's shareholding ratio fell from 6.79% to 5.90%. The equity change hit a 1% scale. This change did not trigger a mandatory tender offer obligation. As of October 14, 2026, Zhonglu Group was ruled by the court to accept the bankruptcy and liquidation application. Subsequent changes in shareholding may result in a change in the actual control of the company.
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ST Zhonglu announced that between August 28 and October 14, 2026, the controlling shareholder of the company, Shanghai Zhonglu Co., Ltd. passively reduced its holdings of the company's shares by 2.885,500 shares through centralized bidding transactions due to judicial enforcement, accounting for 0.89% of the company's total share capital. After the reduction in holdings, Zhonglu Group's shareholding ratio fell from 6.79% to 5.90%. The equity change hit a 1% scale. This change did not trigger a mandatory tender offer obligation. As of October 14, 2026, Zhonglu Group was ruled by the court to accept the bankruptcy and liquidation application. Subsequent changes in shareholding may result in a change in the actual control of the company.
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