Zhejiang Dafeng Industry (603081.SH) announced on November 4 that on November 1, 2024, the company received a notification from its shareholder Fengyue, holding more than 5% of the company's shares, that Fengyue had transferred a total of 6,261,000 shares from July 27, 2023 to November 1, 2024, with cumulative equity changes exceeding 1%.

On November 4, 2024, the company received a notification from its shareholder Fengyue, holding more than 5% of the company's shares, that Fengyue had transferred a total of 20,814,000 shares from October 8, 2019 to November 4, 2024. Also, due to restricted stock grants and debt-for-equity swaps, the company's share capital changed, resulting in passive dilution of Fengyue's shareholding. These reasons combined caused Fengyue's shareholding in the company to decrease from 13.65% to 8.57%, with a cumulative decrease in shareholding reaching 5%.