STEC(600820) Zheng Quan Zhi Xing·2025-05-16 09:33Core Viewpoint - Shanghai Tunnel Engineering Co., Ltd. (referred to as "the Company") announced a shareholding increase plan by its controlling shareholder, Shanghai Urban Construction (Group) Co., Ltd. (referred to as "Urban Construction Group") to enhance investor confidence and promote sustainable development [2][4]. Summary by Relevant Sections Shareholder Information - The controlling shareholder, Urban Construction Group, holds 958,716,588 shares, accounting for 30.49% of the Company's total share capital [2][4]. - The increase plan is aimed at maintaining the interests of all shareholders and enhancing investor confidence [3]. Increase Plan Details - The increase plan will be executed from the date of the announcement until May 15, 2026, with a total investment amount between RMB 250 million and RMB 500 million [2][4]. - The maximum number of shares to be acquired will not exceed 2% of the total share capital [2][4]. - The shares will be purchased through methods allowed by the Shanghai Stock Exchange, including centralized bidding, block trading, and asset management plans [4]. Shareholding Changes - Following the initial increase, Urban Construction Group's shareholding will rise to 964,624,888 shares, representing 30.68% of the total share capital [4]. - The first increase will involve the acquisition of 5,908,300 shares, which is 0.1879% of the total share capital [3][4]. Funding Sources - The funding for the share purchase will come from the Group's own funds and/or self-raised funds [4]. Regulatory Compliance - The increase plan complies with the policies of the central government, the China Securities Regulatory Commission, and the Shanghai State-owned Assets Supervision and Administration Commission [2][3]. - The plan does not trigger a mandatory tender offer and will not change the controlling shareholder or actual controller of the Company [2][4].