---
title: "CheezhengTTM: The shareholding ratio of the controlling shareholder and its concerted parties has been passively diluted"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253171751.md"
description: "The shareholding ratio of Qizheng Group, the controlling shareholder of Qizheng Pharmaceutical, and its concerted party Yutuo Culture has been diluted due to the conversion of bonds. From August 8 to 14, 2025, Qizheng convertible bonds converted a total of 13,517,379 shares, increasing the total share capital from 545,606,156 shares to 559,123,535 shares. The shareholding ratio of Qizheng Group decreased from 66.81% to 65.20%, and Yutuo Culture decreased from 18.03% to 17.60%, totaling a decrease from 84.85% to 82.80%"
datetime: "2025-08-15T08:36:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253171751.md)
  - [en](https://longbridge.com/en/news/253171751.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253171751.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/253171751.md) | [繁體中文](https://longbridge.com/zh-HK/news/253171751.md)


# CheezhengTTM: The shareholding ratio of the controlling shareholder and its concerted parties has been passively diluted

From August 8 to 14, 2025, Tibet Cheezheng TTM Pharmaceutical Co., Ltd. "Cheezheng Convertible Bonds" converted a total of 13,517,379 shares, increasing the total share capital from 545,606,156 shares to 559,123,535 shares. The controlling shareholder Cheezheng Group and its concerted party Yutuo Culture maintained the number of shares held, resulting in a passive dilution of their shareholding ratios. Cheezheng Group decreased from 66.81% to 65.20%, and Yutuo Culture decreased from 18.03% to 17.60%, with the combined total decreasing from 84.85% to 82.80%, all reaching integer multiples of 1%

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