NEXCHIP (02249.HK): shareholder Huaqin Telecom Hong Kong to buy 15-25 million H shares within 3 months

NewTimeSpace News: NEXCHIP (02249.HK) (A share code: 688249.SH) announced that Huaqin Telecom Hong Kong Limited, a shareholder of the Company, plans to increase its holdings of the Company's H shares by way of on-market centralised bidding through the facilities of The Stock Exchange of Hong Kong Limited within three months from 27 October 2026, using its own funds, in a range of 15 million to 25 million shares.

According to the announcement, Huaqin Telecom Hong Kong is a wholly-owned subsidiary of Huaqin Technology Co., Ltd., a shareholder holding more than 5% of the Company, and is a person acting in concert with a shareholder holding more than 5% directly. As at the date of the announcement, it held 24,516,900 shares, representing 1.10% of the total share capital. No price range is set for the plan, which will be implemented opportunistically based on share price movements and overall capital market trends.

The Company cautioned that the plan may fail to achieve the expected results due to changes in capital market conditions or other currently unforeseeable risk factors. The Company also said the increase will not affect its listing status, will not cause its shareholding distribution to be unable to meet listing conditions, and will not result in a change of its controlling shareholder or de facto controller.