Eastern Communications to sell Corelink Opto shares to optimize asset structure

Eastern Communications Co., Ltd. has announced its intention to opportunistically sell up to 2.911 million shares of Corelink Opto Technology Co., Ltd. through concentrated bidding on the Shenzhen Stock Exchange. This divestment, which will be executed over 12 months following board approval, is expected to generate an estimated 31,756.10 million yuan. The company currently holds 5.741961 million Corelink Opto shares, representing a 1.97% stake.

The decision, approved by the board on September 26, 2025, with unanimous consent, aims to optimize the company's asset structure and improve asset utilization. The shares, acquired before Corelink Opto's listing, are classified as transactional financial assets on Eastern Communications' books, with a carrying cost of 5,932.62 million yuan.

The proposed sale will not constitute a related party transaction or a major asset restructuring. The company anticipates that the proceeds, net of costs and taxes, will meet the threshold requiring shareholder approval. The exact timing, quantity, and price of the sale remain uncertain, as they will depend on market conditions and Corelink Opto's share price.