Tianjin Construction Development Group Co., Ltd.
Update on Substantial Share Disposal by Controlling Shareholder

Key Points for Investors

• Significant Share Sale: Mr. Wang, the controlling shareholder of Tianjin Construction Development Group Co., Ltd. (“the Company”), has commenced a large-scale disposal of his shareholding through his holding company, Shengyuan Holdings.
• Block Trade Executed: On 23 April 2026, Shengyuan Holdings sold 22,240,000 shares, representing approximately 8.59% of the Company’s total issued shares, via block trading.
• Further Disposal Planned: Mr. Wang intends to dispose of an additional 49,748,028 shares (19.21% of total issued shares) through further block trades, pending compliance with percentage restrictions under PRC law.
• Controlling Status Maintained: Even after these disposals, Mr. Wang will remain a controlling shareholder, holding approximately 33.02% of the Company’s shares.
• Potential Impact on Share Price: The reduction in controlling shareholder stake and increased free float may affect share price dynamics and market perceptions.
• Ongoing Disclosures: The Company will continue to make necessary announcements and comply with Hong Kong Listing Rules as developments occur.

Detailed Summary

Tianjin Construction Development Group Co., Ltd. has issued an important update regarding the disposal of a substantial equity stake by its controlling shareholder, Mr. Wang. This follows a prior announcement dated 21 April 2026, in which the Company disclosed Mr. Wang’s intention to sell up to 71,988,028 shares – amounting to approximately 27.8% of the Company’s issued share capital as of that date.

On 23 April 2026, Shengyuan Holdings, the holding company through which Mr. Wang holds his shares, executed a block trade disposing of 22,240,000 shares, equal to around 8.59% of the issued share capital. After this transaction, Mr. Wang remains the beneficial owner of 135,256,923 shares, or about 52.23% of the Company’s total issued shares.

The Company has now revealed that Mr. Wang plans to further reduce his stake by selling an additional 49,748,028 shares (19.21% of the issued share capital) through block trades. This Proposed Further Disposal is subject to regulatory restrictions under the laws of the People’s Republic of China.

Assuming the Company’s total share count remains unchanged, completion of these transactions would leave Mr. Wang with 85,508,895 shares, representing an estimated 33.02% ownership. Importantly, Mr. Wang will continue to be classified as a controlling shareholder under the Hong Kong Listing Rules, meaning no change in the Company’s controlling shareholder structure will result from these disposals.

Implications for Shareholders and Investors

• Potential Share Price Volatility: The sale of large share blocks by a controlling shareholder can create downward pressure on the share price in the short term, due to increased supply and potential shifts in investor confidence.
• Market Perception: Investors should note that while the controlling stake is being reduced, there is no immediate change in the Company’s management or controlling structure. However, such substantial disposals may raise questions about the controlling shareholder’s confidence in the Company’s future prospects.
• Liquidity Impact: An increase in the free float may improve the stock’s liquidity, potentially attracting new institutional investors.
• Regulatory Compliance: The Company has committed to making further disclosures as required under the Listing Rules, ensuring transparency throughout the disposal process.

Company Leadership

The Board comprises a mix of executive, non-executive, and independent non-executive directors, including Mr. Wang Wenbin (Chairman and non-executive Director), Mr. Zhao Kuanghua, Ms. Guan Fengdan, Mr. Yang Youhua, Mr. Ni Baqun, Mr. Ma Guoqun (executive Directors), and Dr. Yan Bing, Dr. Liu Jinlu, and Mr. Shiu Shu Ming (independent non-executive Directors).

Investor Caution

Shareholders and potential investors are strongly advised to exercise caution when dealing in the shares of Tianjin Construction Development Group Co., Ltd. given the expected changes in the shareholding structure and possible short-term market fluctuations.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisers and consider their own investment objectives and risk tolerance before making investment decisions. The Company will continue to update the market as required by the Hong Kong Listing Rules.

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