Kuang-Chi (00439) Subsidiary Sells 3.8937 Million Shares of Kuang-Chi Technologies by December 2

Stock News
2025/12/02

Kuang-Chi (00439) announced that its wholly-owned subsidiary, Shenzhen Kuang-Chi Space Technology Co., Ltd., sold a portion of Kuang-Chi Technologies shares via the Shenzhen Stock Exchange trading system. By December 2, 2025, a total of 3.8937 million shares of Kuang-Chi Technologies were sold at an average price of RMB 47.76 per share. The pricing was determined based on the reported trading prices of Kuang-Chi Technologies shares on the Shenzhen Stock Exchange. The subsidiary expects net proceeds from the sale to amount to RMB 186 million (excluding transaction costs and expenses), which will be used for refinancing and general working capital purposes.

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