Xinjiang Communications Construction Group announced that on October 29, 2025, the company agreed to transfer its 14.5455% equity stake in China-New Zealand Transportation through a public listing. Starting from November 20, 2025, this equity stake was publicly listed on the Xinjiang Property Exchange, and the transaction has now been completed, with the transferee being Shengxin Investment. Both parties have signed the "Property Transaction Contract of Xinjiang Property Exchange." The transfer price is 8.8238 million yuan, and the 3.49 million yuan deposit already paid by Shengxin Investment can be offset against part of the payment. This transaction does not constitute a related party transaction or a major asset restructuring. The divestment of this non-core asset can optimize resource allocation, and after the transaction is completed, the company will no longer hold equity in China-New Zealand Transportation