SG(SH:600734) Shang Hai Zheng Quan Bao·2025-09-05 22:04Core Viewpoint - The announcement details the listing and circulation of restricted shares of Fujian Shida Group Co., Ltd., specifically regarding the non-public issuance of shares to acquire assets and raise supporting funds, with a total of 9,424,984 shares set to be released on September 11, 2025 [2][3][19]. Group 1: Share Listing Details - The type of stock listing is a non-public issuance, with a total of 9,424,984 shares to be listed for circulation [2]. - The circulation date for the restricted shares is set for September 11, 2025 [3]. - The shares being released are part of the acquisition of Shenzhen Xingfei Technology Co., Ltd. and were initially approved by the China Securities Regulatory Commission on December 31, 2015 [4]. Group 2: Shareholder Commitments and Performance - The shares being released belong to Chen Feng, accounting for 0.43% of the company's total share capital [7]. - The performance commitments related to the acquisition included net profit targets for the years 2015 to 2018, with specific amounts set for each year [8]. - The actual net profits for Shenzhen Xingfei exceeded the committed amounts during the performance commitment period, confirming the fulfillment of the performance obligations [10]. Group 3: Changes in Share Capital - Following the acquisition of Shenzhen Xingfei, the company's total share capital increased from 351,558,394 shares to 590,243,598 shares after the issuance of 238,685,204 shares [4]. - Subsequent capital increases and adjustments have led to a total share capital of 2,178,303,106 shares as of February 14, 2022, after a capital reserve increase [6]. Group 4: Legal and Compliance Matters - The independent financial advisor, Tianfeng Securities, confirmed that the original shareholders did not violate their commitments regarding the release of shares [18]. - Legal opinions indicated that the company has settled its debts related to Shenzhen Xingfei and will not assume further liabilities following the transfer of ownership [17].