China Railway Materials: affiliate to boost stake with up to 1.3 bn yuan investment

China Railway Materials Company Limited (CRMC) announced that China Logistics Group Capital Management Co., Ltd. (Capital Company), an affiliate of its controlling shareholder, plans to increase its shareholding. Capital Company will purchase CRMC shares through centralized bidding on the Shenzhen Stock Exchange over six months, starting November 26, 2025. The total investment will be no less than 0.65 billion yuan and no more than 1.30 billion yuan.

On November 26, 2025, Capital Company acquired 5,969,200 CRMC shares, representing 0.10% of the total share capital, for approximately 15.6358 million yuan. This initial acquisition is part of the broader plan. Capital Company, a wholly-owned subsidiary of China Logistics Group, aims to enhance investor confidence based on its positive outlook for CRMC's future development and value.

Following this transaction, China Logistics Group and Capital Company collectively hold 2,293,490,835 CRMC shares, accounting for 37.91% of the total share capital. Capital Company commits not to reduce its holdings for six months after the completion of the plan. The plan acknowledges potential market risks that could impact full implementation.