According to Chaoda Equipment's announcement, Qingdao Haiqing Huichuang Innovation and Technology Service Partnership, the original shareholder holding more than 5% of the company's shares, has been implemented and completed. The shareholder originally planned to reduce its holdings by no more than 819,500 shares through centralized bidding, and was later adjusted to no more than 1.043,500 shares due to equity distribution and convertible debt-for-equity swaps. A total of 751,000 shares were reduced this time, accounting for 0.73913% of the company's total share capital. After the reduction, the shareholding ratio was 4.99998%, and they are no longer shareholders holding 5% or more of the company's shares. This reduction in holdings will not result in a change in the company's control.

According to Chaoda Equipment's announcement, Qingdao Haiqing Huichuang Innovation and Technology Service Partnership, the original shareholder holding more than 5% of the company's shares, has been implemented and completed. The shareholder originally planned to reduce its holdings by no more than 819,500 shares through centralized bidding, and was later adjusted to no more than 1.043,500 shares due to equity distribution and convertible debt-for-equity swaps. A total of 751,000 shares were reduced this time, accounting for 0.73913% of the company's total share capital. After the reduction, the shareholding ratio was 4.99998%, and they are no longer shareholders holding 5% or more of the company's shares. This reduction in holdings will not result in a change in the company's control.