GE Smallworld completes China XD Electric share reduction plan

GE Smallworld (Singapore) Pte Ltd has completed its share reduction plan in China XD Electric, originally disclosed on July 21, 2025. The company cumulatively reduced its holding by 153,776,470 shares, representing 3.00% of China XD Electric's total share capital. The sales, executed between August 28, 2025, and September 11, 2025, totaled RMB 924,257,348.79.

Following the plan's completion, GE Smallworld (Singapore) Pte Ltd's stake in China XD Electric decreased from 10.00% to 7.00%. This transaction reduced its total shareholding from 512,588,238 shares to 358,811,768 shares. The change in equity crossed the 1% threshold.

China XD Electric confirmed this equity change aligns with the previously disclosed plan and commitments, does not trigger a tender offer, and will not alter the company's controlling shareholder or actual controller. The transaction is not expected to impact the company's governance structure or future operations.