Shenzhen Properties' controlling shareholder reduces stake, triggering threshold

Shenzhen Special Economic Zone Real Estate & Properties Group Co., Ltd. (Shenzhen Properties) announced that its controlling shareholder, Shenzhen Investment Holdings Co., Ltd. (Shenzhen Investment Holdings), reduced its stake in the company. Between November 11 and November 13, 2025, Shenzhen Investment Holdings sold 1,413,358 A-shares, representing 0.14% of the company's total share capital. This reduction triggered the 1% integer multiple threshold for shareholding changes.

Following this transaction, Shenzhen Investment Holdings' ownership in Shenzhen Properties decreased from 55.78% to 55.65%, holding 562,940,480 shares. Their concerted parties, including Shenzhen State-owned Equity Operation and Management Co., Ltd., maintained their 6.35% stake. The combined holdings of Shenzhen Investment Holdings and its concerted parties now stand at 62% of the total share capital, down from 62.14%.

Shenzhen Properties confirmed that this reduction aligns with a pre-disclosure announcement made on October 21, 2025, and falls within the previously announced plan to reduce up to 1% of the company's total share capital. The company stated that this share reduction will not alter its control structure or significantly impact its governance and ongoing operations.