Major Shareholder of CHINA SUNTIEN to Increase Holdings by Up to RMB 30 Million

Stock News
Jun 16

An announcement has been issued by CHINA SUNTIEN (00956).

On June 16, 2026, the company was notified by Hebei Guofu Equity Investment Fund Management Co., Ltd. (Guofu Fund), an indirect non-wholly owned subsidiary of its controlling shareholder, Hebei Construction & Investment Group Co., Ltd. (Hebei C&I).

Expressing confidence in the company's long-term stable development, Guofu Fund plans to increase its holdings of the company's H-shares through the Shanghai-Hong Kong Stock Connect program on the secondary market via centralized bidding within the 12-month period starting June 16, 2026.

The planned increase is expected to represent no more than 0.5% of the company's total issued shares, with the total investment amount ranging between RMB 15 million and RMB 30 million.

In accordance with this plan, Guofu Fund made its first purchase on June 16, 2026, acquiring 3.01 million H-shares for approximately RMB 9.0178 million.

This initial purchase represents approximately 0.0667% of the company's total issued share capital.

Prior to this purchase, Guofu Fund held no shares in the company.

Hebei C&I directly holds approximately 2.059 billion A-shares, representing about 45.62% of the total issued shares.

Additionally, Yanshan International Investment Co., Ltd., a wholly-owned subsidiary of Hebei C&I, holds approximately 307 million H-shares, representing about 6.80% of the total issued shares.

Consequently, Hebei C&I's total direct and indirect holdings amounted to approximately 2.366 billion shares, or about 52.43% of the total issued share capital before the recent purchase.

Following the initial purchase by Guofu Fund, the total direct and indirect holdings of Hebei C&I have increased to approximately 2.369 billion shares, comprising about 2.059 billion A-shares and 310 million H-shares.

This represents approximately 52.4931% of the company's total issued share capital.

Guofu Fund has committed not to reduce its holdings in the company during the implementation period of this share purchase plan, for six months after its completion, and for any other period required by applicable laws and regulations.

Guofu Fund intends to continue purchasing additional shares in the company in accordance with the announced plan at opportune times in the future.

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