Eastern Communications plans strategic sale of Bochuang Tech shares

Eastern Communications (SSE:600776) announced its plan to sell up to 1.71 million shares of Bochuang Technology (SZSE:300548) through either centralized bidding or block trades on the Shenzhen Stock Exchange. The decision, approved at the company's ninth board meeting on June 6, 2025, grants management discretion to execute the sale within a 12-month window. The sale price will be determined by prevailing market conditions at the time of the transactions, but will not be lower than the initial IPO price of Bochuang Technology shares. The company will continue to monitor market conditions to decide if it needs to convene a shareholder meeting for further authorization.