China Unicom(SH:600050) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-29 23:47Core Viewpoint - The announcement details a significant equity change involving China United Network Communications Group Co., Ltd. (China Unicom) due to the reduction of shares held by its major shareholder, the China State-Owned Enterprise Structural Adjustment Fund Co., Ltd. (Structural Adjustment Fund), which has decreased its stake to 5% [3][4][8]. Group 1: Shareholding Changes - On October 11, 2025, the company disclosed a share reduction plan by the Structural Adjustment Fund, which aimed to reduce its holdings by up to 375,173,104 shares [6]. - As of January 29, 2026, the Structural Adjustment Fund has reduced its holdings from 1,899,764,201 shares (6.08%) to 1,563,221,267 shares (5.00%) through various trading methods [3][7][16]. - The total shares reduced by the Structural Adjustment Fund from November 13, 2025, to January 29, 2026, amounted to 295,842,634 shares, representing 0.95% of the company's total share capital [7][8]. Group 2: Strategic Implications - The reduction in shareholding is part of a normal equity arrangement by the Structural Adjustment Fund, aimed at optimizing state capital structure and meeting its own development needs, without affecting the control of the company [4][8]. - The Structural Adjustment Fund remains optimistic about China Unicom's development prospects and intends to continue deepening strategic cooperation across various fields [4][8]. - The company plans to leverage its diverse board governance to enhance collaboration with strategic investors, contributing to high-quality development [4][8].