Admiralty Co., Ltd. announced that on December 18, 2025, the total share capital of the company increased due to the continuous conversion of “Admiralty Bonds” and the completion of share registrations related to the 2022 Restricted Stock Incentive Plan. The total shareholding ratio of the controlling shareholder Guangzhou Sichengrui, the actual controller Xin Hongping, and their co-actors were passively diluted from 65.59% to 63.86%, and the change in equity reached an integer multiple of 5%. This time, it does not involve an increase or reduction in share holdings, does not touch on an offer acquisition, and does not affect the company's control, governance structure and continued operation.

Admiralty Co., Ltd. announced that on December 18, 2025, the total share capital of the company increased due to the continuous conversion of “Admiralty Bonds” and the completion of share registrations related to the 2022 Restricted Stock Incentive Plan. The total shareholding ratio of the controlling shareholder Guangzhou Sichengrui, the actual controller Xin Hongping, and their co-actors were passively diluted from 65.59% to 63.86%, and the change in equity reached an integer multiple of 5%. This time, it does not involve an increase or reduction in share holdings, does not touch on an offer acquisition, and does not affect the company's control, governance structure and continued operation.