BSGCO(SZ:000959) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-17 00:49Core Viewpoint - The announcement details the lifting of restrictions on 1,015,417,369 shares of Beijing Shougang Co., Ltd., which will become tradable on October 20, 2025, representing 13.0938% of the company's total share capital [2][3][7]. Group 1: Basic Information on Restricted Shares - The company received approval from the China Securities Regulatory Commission on March 18, 2022, to issue shares to Shougang Group for asset acquisition and fundraising [4]. - The shares were listed on the Shenzhen Stock Exchange starting April 20, 2022, following the issuance to Shougang Group [4]. Group 2: Shareholder Commitments and Compliance - Shougang Group has fulfilled its commitments regarding the transaction, with no violations affecting the listing of the restricted shares [5]. - There are no non-operational fund occupations by Shougang Group or any violations of guarantees that would harm the company's interests [5]. Group 3: Listing Arrangement for Restricted Shares - The lock-up period for the shares will automatically extend by six months if the company's stock price remains below the issuance price for 20 consecutive trading days within six months post-transaction [6]. - The total number of shares that will be tradable is 1,015,417,369, which constitutes 13.0938% of the current total share capital [7]. Group 4: Changes in Share Capital Structure - The announcement includes details on the changes in the company's capital structure before and after the lifting of restrictions on the shares [9]. Group 5: Independent Financial Advisor's Opinion - The independent financial advisors confirmed that the lifting of restrictions on the shares complies with relevant laws and regulations, and there are no issues with the commitments made by the shareholders [9].