Sinotrans' controlling shareholder completes A-share increase plan

Sinotrans (SSE:601598) announced today that its controlling shareholder, China National Foreign Trade Transportation Group Corporation (Sinotrans Group), has completed its previously announced plan to increase its holdings of Sinotrans A-shares. Between October 14, 2024, and the date of this announcement, Sinotrans Group acquired 53,123,631 A-shares through the Shanghai Stock Exchange trading system via centralized bidding, representing approximately 0.73% of the company's total share capital. The total consideration for the A-share increase was CNY 280,386,007.40 (excluding taxes and fees), fulfilling the minimum investment amount outlined in the increase plan. Following the completion of this share increase, Sinotrans Group now directly holds 2,525,339,831 shares, representing 34.62% of Sinotrans’ total share capital. Sinotrans Group and its parties acting in concert now hold 4,318,415,270 shares, or 59.20% of the total share capital.