Zheng Quan Zhi Xing·2025-06-17 11:11Core Points - The announcement details the listing of restricted shares for Beijing Jingcheng Machinery Electric Company Limited, with a total of 7,034,552 shares set to be publicly traded starting June 24, 2025 [1][5][21] - The shares are part of a non-public issuance related to the acquisition of assets and the raising of supporting funds, approved by the China Securities Regulatory Commission [1][2] - The total number of restricted shares issued for asset acquisition amounts to 46,481,314 shares, with specific lock-up periods for different shareholders [2][3] Share Registration and Lock-up Arrangements - The newly issued shares are subject to a 12-month lock-up period for certain shareholders, after which they will be released in stages based on performance compensation agreements [2][8] - The first phase of unlocking allows for 40% of the shares to be released after the 12-month period, contingent on fulfilling performance obligations for 2021 [2][10] - Subsequent phases will release 20% of shares based on the completion of performance obligations for 2022 and 2023 [2][10] Changes in Share Capital - Following the completion of the non-public issuance, the total share capital of the company increased from 485,000,000 shares to 531,481,314 shares, with 109,481,314 shares classified as restricted [4][6] - The company’s total share capital as of the announcement date is 547,665,988 shares, with 19,469,105 shares under restricted conditions [7][8] Compliance and Verification - The independent financial advisor, CITIC Securities, confirmed that the listing of restricted shares complies with relevant laws and regulations, and that there are no violations affecting the listing [21] - The company has committed to adhering to all regulatory requirements and ensuring the independence of its operations post-transaction [16][19]