UCloud shareholder China Mobile Capital reduces stake below 5%

** UCloud Technology (SSE:688158) announced that shareholder China Mobile Capital Holding Co. Ltd. has reduced its stake in the company, bringing its ownership below 5%. The reduction, executed through a central bidding process on June 6, 2025, involved the sale of 882,766 shares, representing 0.19% of UCloud's total share capital, and reduced China Mobile Capital's stake from 5.19% to 5.00%. This action aligns with China Mobile Capital's previously disclosed plan to recoup investment. While this plan potentially allows for a total reduction up to 1.50% of shares outstanding, there is no ownership change beyond this single transaction in the short term. While China Mobile Capital may consider adjustments to its stake in the future, the company has committed to strictly adhere to the relevant regulatory requirements and disclose any future changes promptly. China Mobile Capital retains holdings in several other listed entities in China, including启明星辰信息技术集团股份, mango super media Inc., Beijing Huayu Software Co., Ltd. and China Travelsky Holding Company.