Xinhuanet updates on state-owned share transfer from Xinhua News Agency

Xinhuanet Co., Ltd. announced an update on the transfer of state-owned shares from its controlling shareholder, Xinhua News Agency, to Xinhuanet Investment Holdings Co., Ltd. Initially, Xinhua News Agency transferred 264,679,740 shares, representing 51.00% of Xinhuanet's total shares.

Following Xinhuanet's 2024 annual equity distribution, Xinhua News Agency's holding increased to 344,083,662 shares, maintaining its 51.00% stake. On November 17, 2025, Xinhua News Agency and Xinhuanet Holdings signed a supplementary agreement to adjust the number of shares to be transferred to 344,083,662 shares. Post-transfer, Xinhua News Agency will no longer hold Xinhuanet shares, and Xinhuanet Holdings will hold a total of 414,413,493 shares, or 61.42% of Xinhuanet's total shares.

The direct controlling shareholder of Xinhuanet will change from Xinhua News Agency to Xinhuanet Holdings, though the ultimate controlling person remains Xinhua News Agency. The company noted that the relevant procedures for this transfer of state-owned shares are still in progress.