China Hongqiao (01378) has announced that its controlling shareholder, China Hongqiao Holdings Limited, purchased a total of 20.5 million company shares from the open market on June 10, 2026, at an average price of approximately HK$26.3676 per share.

This acquisition represents about 0.21% of the company's total issued share capital as of the announcement date.

Prior to this purchase, China Hongqiao Holdings held approximately 6.119 billion shares, equating to about 62.31% of the total issued shares.

Following the transaction, its holding increased to roughly 6.139 billion shares, representing about 62.52% of the total issued share capital.

The company is required to maintain a public float of 15.04% under a relevant waiver it has been granted.

Based on publicly available information and to the knowledge of the directors, the company continues to meet the public float requirement after this share purchase.

China Hongqiao Holdings stated that it believes the company's current share price does not reflect its intrinsic value.

The controlling shareholder does not rule out the possibility of further increasing its stake at an appropriate time in the future, subject to compliance with applicable laws and regulations.

This share purchase demonstrates China Hongqiao Holdings' confidence in the group's future prospects and long-term development.