Xinjiang Communications Construction Group's controlling shareholder sees equity diluted

Xinjiang Communications Construction Group announced that its controlling shareholder, Xinjiang Communications Investment (Group) Co., Ltd., experienced a passive dilution of its equity stake due to the conversion of convertible bonds. From August 28, 2025, to September 2, 2025, the company's total share capital increased by 24,536,720 shares to 710,357,062 shares. While the controlling shareholder's share count remained unchanged, its stake decreased from 31.98% to 30.87%, a 1.11% dilution that crossed the 1% integer multiple threshold.

This dilution resulted from "Jiaojian Convertible Bonds" reaching a cumulative conversion of 65,357,062 shares as of September 2, 2025, representing 10.13% of the company's total shares issued before the conversion began. The company confirms this passive dilution does not change the controlling shareholder or affect the company's governance and operations.