Hunan Development: Controlling shareholder's stake passively diluted to 54.14%, hitting 5% multiple

English summary

Hunan Development announced that new shares from a private placement will be listed on August 24, 2026, increasing total shares from 571 million to 640 million. The controlling shareholder did not subscribe, so its stake was passively diluted from 60.63% to 54.14%, hitting a 5% multiple. The controlling shareholder and actual controller remain unchanged.