Dingsheng New Materials announced that the shareholding ratio of the company's controlling shareholders, actual controllers, and their co-actors was reduced from 40.18% to 38.8% due to passive dilution of convertible debt-for-equity swaps and equity incentives. This change in equity did not change the status of the company's controlling shareholder and actual controller. From July 29, 2021 to March 12, 2025, the cumulative number of shares transferred by “Dingsheng Bonds” was 253.01 million shares. As of March 12, 2025, the controlling shareholders and their co-actors held 350 million shares of the company, accounting for 38.8% of the total share capital. The change did not touch on the proposed takeover.

Dingsheng New Materials announced that the shareholding ratio of the company's controlling shareholders, actual controllers, and their co-actors was reduced from 40.18% to 38.8% due to passive dilution of convertible debt-for-equity swaps and equity incentives. This change in equity did not change the status of the company's controlling shareholder and actual controller. From July 29, 2021 to March 12, 2025, the cumulative number of shares transferred by “Dingsheng Bonds” was 253.01 million shares. As of March 12, 2025, the controlling shareholders and their co-actors held 350 million shares of the company, accounting for 38.8% of the total share capital. The change did not touch on the proposed takeover.