On October 2, 2026, the issued share capital of TIMES CHINA changed as a result of the conversion of convertible bonds (MCB I and MCB II) into new shares. Consequently, Yiping Li’s long position ratio was passively diluted.
Prior to the passive dilution, Yiping Li held a long position of 1.24 billion shares in TIMES CHINA, representing 41.49% of the issued share capital. Following the dilution, the holding count was unchanged, and the long position ratio fell to 41.43%.
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