Xinjiang Communications shareholder plans to cut stake by up to 2.88%

Xinjiang Communications Construction Group Co., Ltd. announced that its 5% or more shareholder, Xinjiang TBEA Group Co., Ltd., plans to divest a portion of its holdings. Xinjiang TBEA Group currently holds 54,984,290 shares, representing 7.53% of the company's total share capital. The planned reduction will involve a maximum of 21,000,000 shares, equivalent to 2.88% of the total share capital, through centralized bidding and block trading methods.

The divestment period is scheduled to commence 15 trading days after this announcement, running from November 28, 2025, to February 27, 2026. For centralized bidding, the maximum reduction is 7,000,000 shares (1% of total share capital) within any 90-day period. For block trading, the maximum reduction is 14,000,000 shares (2% of total share capital) within any 90-day period.

Xinjiang TBEA Group stated the reason for the reduction is for its own capital needs. The shares to be sold originated from holdings prior to the company's initial public offering and listing. The divestment will adhere to market prices at the time of transaction and applicable regulatory requirements.