Chinese Satellite: China Academy of Space Technology reduced its stake by 0.71%, bringing its shareholding ratio down to 50.75%

China Satellite’s announcement: The company’s controlling shareholder, China Academy of Space Technology, reduced its holdings of the company’s shares by 8.4294 million shares from June 25, 2026 to July 13, 2026 via centralized bidding, accounting for 0.71% of the company’s total share capital. Its shareholding ratio decreased from 51.46% to 50.75%. This change in equity triggered the 1% threshold. The current reduction is to fulfill the previously disclosed share reduction plan, and the plan has not yet been fully implemented.
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