Core Points - The company is set to release 177,260,865 shares from lock-up, representing 13.98% of its total share capital [1][2][3] - The total share capital of the company has increased from 1,208,921,927 shares to 1,268,291,582 shares due to various transactions [3][4] - The lock-up period for the newly issued shares will automatically extend by 6 months if the stock price falls below the issuance price for 20 consecutive trading days [1][2] Summary of Restricted Shares - The restricted shares were acquired through the issuance of 156,451,617 shares and 1,080,000 convertible bonds to the controlling shareholder, Xinjiang Production and Construction Corps [1][2] - The initial conversion price for the convertible bonds was adjusted from 5.38 yuan/share to 5.19 yuan/share due to a private placement of shares [2] - The total number of shares converted from the bonds amounted to 20,809,248 shares [2] Changes in Share Capital - The total number of shares increased by 59,369,655 shares following the conversion of bonds [3][4] - As of the announcement date, the total share capital stands at 1,268,291,582 shares [3][5] Listing and Circulation Arrangements - The company has made commitments to avoid competition with its controlling shareholder and to adhere to regulations regarding related transactions [5][7] - The company has also committed to maintaining its independence and ensuring that no non-operational funds are occupied by the controlling shareholder [7][8]
北新路桥: 关于控股股东部分股份解除限售的提示性公告