Xinhua Investment Holdings acquires majority stake in Xinhuanet

China International Capital Corporation (CICC) has issued a continuous supervision opinion regarding Xinhua News Agency Investment Holdings Co., Ltd.'s (Xinhua Investment Holdings) exemption from a tender offer for Xinhuanet Co., Ltd. The supervision period for the non-cash transfer of shares by Xinhua News Agency to Xinhua Investment Holdings, which made Xinhua Investment Holdings the controlling shareholder of Xinhuanet, runs from June 20, 2025, until the acquisition is completed.

The transaction saw Xinhua Investment Holdings increase its direct shareholding to 318,779,610 shares, representing 61.42% of Xinhuanet’s total share capital. Before the acquisition, Xinhua Investment Holdings already held 54,099,870 shares (10.42%), and China Economic Information Service, an acting party, held 4,170,800 shares (0.80%). The non-cash transfer involved Xinhua News Agency transferring its 264,679,740 shares (51.00%) to Xinhua Investment Holdings.

The acquisition meets the conditions for exemption from a tender offer under China's "Measures for the Administration of the Acquisition of Listed Companies," as the transfer occurred between entities under the same actual control, and Xinhuanet's actual controller remained unchanged. CICC confirmed that all information disclosure obligations have been met, and no significant changes to Xinhuanet's business, management, or organizational structure are planned for the next 12 months.