The controlling shareholder of CHINA SATCOM has seen its shareholding ratio drop to 80.78% due to the conversion of convertible bonds into shares

On September 9, 2025, China Satcom announced that from August 26 to September 8, due to the "non-public issuance of technology innovation exchangeable corporate bonds aimed at professional investors by China Aerospace Science and Technology Corporation in 2024," the direct shareholding of the controlling shareholder, Aerospace Science and Technology Corporation, decreased from 3.047 billion shares to 3.009 billion shares, with the proportion dropping from 72.13% to 71.23%. The number and proportion of shares held by its concerted actors remained unchanged. The total shareholding ratio of Aerospace Science and Technology Corporation decreased from 81.68% to 80.78%. This equity change does not involve a tender offer and will not lead to changes in the controlling shareholder and actual controller