Jiangsu Gian Technology (300709.SZ) announced on October 11th that the company recently received a 'Brief Report on Equity Changes' sent by the disclosure obligor. Since the company's listing on October 19, 2017, due to the company's implementation of equity distribution capital reserve conversion into shares, stock-based incentive plans, and the conversion of convertible corporate bonds publicly issued by the company, the total share capital of the company has increased from 88,000,000 shares to the current 186,076,681 shares. The increase/reduction in the total share capital of the company has led to passive dilution/increase in shareholder holdings, as well as changes in the shareholding quantity and shareholding percentage of the controlling shareholder, the actual controller Mr. Wang Mingxi, Ms. Huang Yichao, and their concerted action person Changzhou Chuan Yan, due to reasons such as Changzhou Chuan Yan reducing their holdings of company stocks, their cumulative holding of company shares has changed by 5%.

After this equity change, the disclosure obligor's holding of the company's shares has changed from 28,935,720 shares to 51,880,883 shares, and the shareholding percentage has decreased from 32.8815% to 27.8815%.