
Core Viewpoint - The announcement details the listing of restricted shares resulting from a non-public issuance of shares by Shanghai International Airport Co., Ltd. to Shanghai Airport (Group) Co., Ltd. for asset acquisition and fundraising purposes, with a total of 127,583,567 shares set to be listed on September 23, 2025 [1][5]. Group 1: Share Issuance and Listing - The company received approval from the China Securities Regulatory Commission on April 25, 2022, to issue 433,939,325 shares for asset acquisition and to raise up to 5 billion yuan, with the actual issuance being 127,583,567 shares [2]. - The newly issued shares are classified as restricted shares, which cannot be transferred for 36 months following the issuance [3][4]. - The total number of restricted shares to be listed is 127,583,567, with the listing date set for September 23, 2025 [6]. Group 2: Compliance and Commitments - The airport group has committed that the shares acquired through this transaction will not be transferred for 36 months from the issuance date, and any additional shares acquired through company actions will also be subject to the same lock-up period [4]. - As of the announcement date, the airport group has adhered to its commitments regarding the lock-up period [5]. - Independent financial advisor Guotai Junan Securities Co., Ltd. confirmed that the listing of the restricted shares complies with relevant laws and regulations [5].