CIG Shanghai's major shareholders conclude partial share reduction plan

Cambridge Industries Company Limited (CIG Cayman), the controlling shareholder of CIG Shanghai, and its concerted party, Shanghai Kangling Technology Partnership, have completed their share reduction plan. CIG Cayman divested 4,530,718 shares, representing 1.69% of the company's total shares, through concentrated bidding and block trades, for a total value of 284,913,485.86 yuan.

Shanghai Kangling Technology Partnership also reduced its holdings by 1,600,600 shares, representing 0.60% of the total shares, through concentrated bidding and block trades, for a total value of 74,937,862.00 yuan. Both entities did not fully complete their planned reduction. These shares originated from pre-IPO holdings and capital increases from profit distributions in 2017-2019, all becoming tradable on November 10, 2020.

In a related development, CIG Shanghai also released its H1 2025 "Quality Improvement and High Returns" action plan assessment. The company reported H1 2025 revenue of 2.035 billion yuan, a 15.48% increase year-on-year, and net profit attributable to shareholders of 121 million yuan, up 51.12% year-on-year. The company's half-year cash dividend plan of 12.0904 million yuan (0.452 yuan per 10 shares before tax) aligns with its commitment to investor returns.