Fuda Alloy announced that the equity changes of controlling shareholder Wang Dawu and concert party Chen Songyang have hit the 1% and 5% integer thresholds. From July 15 to August 13, 2026, Wang Dawu reduced his holdings by 601,500 shares through centralized competitive bidding. From July 15 to July 20, 2026, Chen Songyang reduced his holdings by 69,634 shares through centralized competitive bidding and block trades. The combined holdings of the controlling shareholder and concert parties decreased from 34,532,506 shares to 33,861,372 shares, with their stake falling from 25.50% to 25.00%. This change does not trigger a mandatory tender offer. The controlling shareholder and actual controller remain unchanged, and the reduction plan has not yet been fully implemented.
Fuda Alloy Materials Co LtdControlling shareholder and concert party reduced holdings, decreasing stake from 25.50% to 25.00%.
Jiangsu General Science Tech