中国卫通集团股份有限公司 关于控股股东非公开发行可交换公司 债券换股进展暨权益变动的提示性公告

Core Viewpoint - The announcement details the progress of a non-public issuance of exchangeable bonds by China Aerospace Science and Technology Corporation, which will lead to a passive reduction in its shareholding in China Satcom due to bondholders exercising their exchange rights [2][3]. Group 1: Equity Change Overview - The equity change is due to the issuance of exchangeable bonds by the controlling shareholder, China Aerospace Science and Technology Corporation, using part of its A-shares in China Satcom as the underlying asset [2][19]. - The exchange period for the bonds is set from March 3, 2025, to August 29, 2027 [2][20]. - As of December 5, 2025, the total shares reduced due to bondholder exchanges amounted to 182,931,097 shares, representing 4.33% of the total share capital of 4,224,385,412 shares [4][20]. Group 2: Shareholding Structure Before and After - Before the equity change, China Aerospace Science and Technology Corporation held 3,156,449,883 shares, accounting for 74.72% of the total shares, while its total control over the company was 84.27% [4][21]. - After the equity change, the direct shareholding of China Aerospace Science and Technology Corporation decreased to 2,973,518,786 shares, reducing its ownership percentage to 70.39%, and its total control dropped to 79.94% [5][21]. Group 3: Future Plans and Compliance - The controlling shareholder does not plan to increase or further reduce its stake in China Satcom within the next 12 months [18]. - The equity change does not involve a takeover and will not alter the status of the controlling shareholder or actual controller of the company [3][6].