Telling Telecommunication gets CSRC nod for non-public share issuance

Telling Telecommunication Holding received approval from the China Securities Regulatory Commission (CSRC) for the registration of its non-public issuance of shares to specific investors on November 20, 2025. This approval is valid for 12 months from the registration date. The company plans to proceed with the issuance in strict accordance with the submitted declaration documents and issuance plan.

The non-public issuance aims to raise up to 1,708 million yuan, with the controlling shareholder, Shenzhen Investment Holdings Co., Ltd., subscribing to 19.03% of the total issuance. Proceeds will fund the marketing network, digital platform, lottery research and industrialization, headquarters operations, and supplement working capital and repay bank loans. These initiatives are designed to strengthen the company’s core businesses and support its "One Network, One Platform" and "1+N" industrial layout strategy.

The issuance follows resolutions passed by the company’s board of directors and shareholders’ meetings in 2023 and 2024. Shenzhen Investment Holdings Co., Ltd. has committed to subscribing to shares at the same price as other investors. The company confirms that the issuance will not alter its control structure, with Shenzhen SASAC remaining the ultimate controlling shareholder.