Haige Communications unit seeks strategic investment, up to 800m yuan

Guangzhou Haige Communications Group Incorporated Company (Haige Communications) announced its wholly-owned subsidiary, Guangzhou Haige Tianteng Industrial Development Co., Ltd. (Tianteng Industrial), will undertake a capital increase and share expansion through a public listing to introduce strategic investors. The total capital increase will not exceed 800 million yuan. Following the investment, the new investors will hold no more than 43.44% equity in Tianteng Industrial. Haige Communications is waiving its pre-emptive rights to subscribe.

The transaction was approved at a board meeting on November 13, 2025. Tianteng Industrial, established on February 18, 2022, is the development entity for the company's Tianteng Information Industrial Base. The strategic investment aims to meet capital requirements for business development, accelerate industrial base construction, expand into unmanned and low-altitude economy businesses, and enhance core competitiveness.

The listing price will be based on Tianteng Industrial's assessed shareholder equity value of 1,041,670,800 yuan as of July 31, 2025. The transaction will proceed through the Guangzhou Equity Exchange. Haige Communications will remain the controlling shareholder of Tianteng Industrial, maintaining its consolidated financial reporting scope.