Piesat Information Technology Co., Ltd.SSE: 688066

(688066)"Piesat Information Technology Co., Ltd."Indicative Announcement on Change in Equity Interests of the Actual Controller and Its Persons Acting in Concert Reaching 5% and 1% Thresholds

· Issued by Piesat Information Technology Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 688066 · · 4 pages · Chinese

Summary by 6ix AI

The announcement details that the equity interest of the actual controller and their concerted actors has decreased, affecting their overall shareholding percentage. It also notes that this change was due to a judicial auction and the dilution from the conversion of convertible bonds, which has not triggered a mandatory takeover offer. The company assures that this change will not adversely impact its management or control structure.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/688066piesat-information-technology-co-ltdindicative-announcement-on-change-in-equity-interests-of-the-actual-controller-and-its-persons-acting-in-concert-reaching-5percent-and-1percent-thresholds

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Indicative Announcement on Change in Equity Interests of the Actual Controller and Its Persons Acting in Concert Reaching 5% and 1% Thresholds

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

Link of Full Text for Reference:

Piesat Information Technology Co., Ltd. on 6ix

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