State fund to divest 1.2% stake in China Unicom

China United Network Communications Limited announced its strategic shareholder, China National Enterprise Restructuring Fund Co., Ltd., plans to reduce its stake. The Restructuring Fund intends to offload up to 375,173,104 shares, representing 1.20% of China Unicom's total share capital, through centralized bidding and block trading. This divestment period is scheduled from November 3, 2025, to February 3, 2026.

The Restructuring Fund acquired its 6.08% stake, totaling 1,899,764,201 shares, in November 2017 and has not reduced its holdings since. The planned reduction is described as a normal equity arrangement aimed at optimizing state-owned capital structure and meeting the fund's development needs. The Restructuring Fund reaffirms its positive outlook on China Unicom's future and commitment to continued strategic cooperation.

China Unicom emphasizes this transaction will not result in a change of control for the company. The timing, volume, and price of the share reduction remain subject to market conditions and the company's stock performance.