Xinhuanet shares transfer to Xinhua Investment still pending completion

Xinhuanet Co., Ltd. announced that the uncompensated transfer of 264,679,740 shares, representing 51.00% of its total shares, from its controlling shareholder, Xinhua News Agency, to Xinhua Investment Holdings Co., Ltd. is still in progress. The company initially received notification of this transfer on June 12, 2025.

Xinhua News Agency and Xinhua Investment Holdings Co., Ltd. have already signed a transfer agreement, and the matter has received approvals from the National Government Offices Administration and the Ministry of Finance. Despite these initial steps, the completion of the share transfer procedures has not yet occurred.

In compliance with regulatory requirements, the company continues to issue progress announcements every 30 days as long as the transfer remains outstanding. Xinhuanet urges investors to exercise caution due to the ongoing nature of this process.