China Structural Reform Fund reduces stake in China Unicom

China United Network Communications announced that China Structural Reform Fund Co., Ltd., a shareholder with over 5% ownership, has reduced its stake in the company. The fund sold 40,700,300 shares via centralized bidding, decreasing its total holding from 6.08% to 5.95%. This change in equity holdings triggered a 1% threshold, as disclosed on November 12, 2025.

The divestment is part of a previously announced plan, aiming to optimize state capital structure and meet the fund's development needs. China Structural Reform Fund emphasized its continued commitment to deep cooperation with China Unicom across various sectors, including corporate governance and business development.

The fund's equity reduction is a normal arrangement and will not result in a change of control for China Unicom. As of the announcement date, the previously disclosed share reduction plan has not been fully executed.