Lake Electric announced that on October 14, 2022, the company publicly issued 12 million “Lake Convertible Bonds”, and the controlling shareholder Lake Investment, the actual controller Ni Zugen, and their co-operator Rieter Investment gave priority to placing 6.3982 million shares, accounting for 53.32%. From September 4, 2023 to March 10, 2025, Lake Investment and Ni Zugen reduced their holdings by a total of 1,210,600 shares, accounting for 10.09%. From March 12 to November 18, 2025, Ni Zugen and those acting in concert reduced their holdings by a total of 1,225,500 shares, accounting for 10.21%. From November 19 to December 8, 2025, Ni Zugen and Lake Investment reduced their holdings by a total of 1,324,300 shares, accounting for 11.04%. After three holdings were reduced, the total holdings of the three fell to 2,637,800 shares, accounting for 21.98%.

Lake Electric announced that on October 14, 2022, the company publicly issued 12 million “Lake Convertible Bonds”, and the controlling shareholder Lake Investment, the actual controller Ni Zugen, and their co-operator Rieter Investment gave priority to placing 6.3982 million shares, accounting for 53.32%. From September 4, 2023 to March 10, 2025, Lake Investment and Ni Zugen reduced their holdings by a total of 1,210,600 shares, accounting for 10.09%. From March 12 to November 18, 2025, Ni Zugen and those acting in concert reduced their holdings by a total of 1,225,500 shares, accounting for 10.21%. From November 19 to December 8, 2025, Ni Zugen and Lake Investment reduced their holdings by a total of 1,324,300 shares, accounting for 11.04%. After three holdings were reduced, the total holdings of the three fell to 2,637,800 shares, accounting for 21.98%.