GE Smallworld reduces stake in China XD Electric

GE Smallworld (Singapore) PTE LTD has reduced its stake in China XD Electric Co., Ltd., decreasing its shareholding from 10.00% to 9.00%. The transaction, conducted between August 28 and September 8, 2025, involved the sale of 51,258,823 shares through centralized bidding, representing 1% of the company's total share capital.

This reduction in ownership crossed the 1% integer multiple threshold, prompting a public announcement. The company confirms that this stake reduction aligns with the shareholder's previously disclosed reduction plan and commitments, does not trigger a mandatory tender offer, and will not alter China XD Electric's controlling shareholder or actual controller.

China XD Electric previously announced a share reduction plan on July 21, 2025, which is still ongoing. The company has committed to monitoring the shareholder's adherence to relevant reduction regulations and will continue to disclose pertinent information to investors.