Tianjin Construction Development Group Co., Ltd. (TJCD) disclosed that its controlling shareholder, Mr. Wang Wenbin, has reduced his equity stake and intends to make an additional sizable divestment.

Key details:

• Initial disposal plan: As announced on 21 April 2026, Mr. Wang, via his wholly owned Shengyuan Holdings, targeted the sale of up to 71.99 million shares, equal to 27.80 % of TJCD’s issued share capital.

• Execution to date: On 23 April 2026, Shengyuan Holdings off-loaded 22.24 million shares through block trading, cutting Mr. Wang’s interest to 135.26 million shares, or 52.23 % of the company.

• Upcoming sale: Mr. Wang now plans a further block trade of 49.75 million shares—representing 19.21 % of TJCD’s total shares—subject to PRC regulatory limits.

• Post-transaction structure: Assuming no change in total shares outstanding, completion of the proposed sale would leave Mr. Wang with 85.51 million shares, or 33.02 %, retaining his status as a controlling shareholder. The overall controlling shareholder structure of TJCD will remain unchanged.

The board stated it will release additional announcements in line with Hong Kong Listing Rules. Shareholders and potential investors were urged to exercise caution when trading TJCD shares.