China Merchants Group: Subsidiary acquires 7.89% stake in Antong Holdings and plans to continue increasing its shareholding.

China Merchants Shipping announced that in 2025, the company agreed to acquire the shares of Antong Holdings by its wholly-owned subsidiary Sinotrans CSC. As of the date of the announcement, Sinotrans CSC has acquired 333,742,322 shares of Antong Holdings through block trading and agreement transfer, accounting for 7.89% of its total share capital, and has also increased its holdings by 93,844,500 shares through centralized bidding, accounting for 2.22%. The agreement transfer with Sinochem Asset Management has been approved and completed the transfer of ownership. In addition, Sinotrans CSC plans to continue to opportunistically increase its holdings of Antong Holdings shares, but there is uncertainty.