Postal Savings Bank of China's shareholder increases stake

China Post Group, the controlling shareholder of Postal Savings Bank of China (SSE:601658), increased its stake in the bank by 19,910,200 A-shares on April 8, 2025, representing 0.02% of the bank's total issued ordinary shares. Following the transaction, China Post Group now holds 62,275,459,480 shares, increasing its total ownership from 62.78% to 62.80%. The announcement indicates the shareholder plans to continue increasing its holdings of PSBC A-shares in the secondary market within the next 12 months. China Post Group stated that the increase reflects its confidence in the prospects of China's capital markets and the long-term investment value of PSBC. The company aims to enhance investor confidence and safeguard the interests of minority shareholders.