Glonghui (600273. SH) announced on August 12 that Jiahua group, the controlling shareholder of the company, exchanged shares for non-public issuance of exchangeable bonds, resulting in a decrease in the shareholding ratio of controlling shareholders.

After the equity change, the proportion of shares held by Jiahua group will be reduced from 42.04% to 41.00%, and that of Jiahua group, actual controller Guan Jianzhong and Han Jianhong, acting in concert, will be reduced from 43.89% to 42.85%.