Core Points - The company, Aerospace Industrial Development Co., Ltd., is set to release 770,366 shares from restrictions, which accounts for 0.0482% of the total share capital of 1,598,468,269 shares [2][6] - The shares will be available for trading starting December 22, 2025 [2][6] Summary by Sections 1. Approval Status - On November 30, 2018, the China Securities Regulatory Commission approved the issuance of shares for asset acquisition, totaling 135,618,718 shares with limited circulation [3][4] 2. Share Registration - The company received confirmation of share registration from the China Securities Depository and Clearing Corporation on December 25, 2018, for 135,618,718 shares [4] 3. Shareholder Commitments - As of the announcement date, shareholders applying for the release of share restrictions have complied with their commitments, ensuring no impact on the listing of restricted shares [6][7] 4. Listing Arrangement for Released Shares - The released shares will be listed on December 22, 2025, and the shareholder requesting the release is the Gongqingcheng Aerospace Source Investment Management Center [6] 5. Independent Financial Advisor's Opinion - The independent financial advisor, CITIC Securities, confirmed that the release of restricted shares complies with relevant laws and regulations, and there are no issues with the commitments made by the shareholders [7]

Core Viewpoint - Shenzhen Sanda Industrial Co., Ltd. has announced the lifting of restrictions on the sale of shares issued for asset acquisition, allowing for the circulation of a significant portion of its shares following the fulfillment of performance commitments by the acquired entity [1][2][7]. Summary by Relevant Sections 1. Basic Situation of the Lifting of Restrictions - The company issued 658,011,817 shares to acquire assets, with 493,195,423 shares (43.34% of total shares) being released from restrictions after meeting performance commitments [1][2]. - The acquired entity, China System, achieved a cumulative net profit of 293,154.49 million yuan from 2021 to 2024, exceeding the promised 283,000 million yuan [1][7]. 2. Listing and Circulation Arrangement of Restricted Shares - A total of 456,748,821 shares (40.14% of total shares) are now available for circulation following the lifting of restrictions [2]. 3. Changes in Share Capital Structure - The total share capital remains at 1,137,959,234 shares, with no changes in the overall structure despite the lifting of restrictions [2]. 4. Commitments Made by Shareholders - Shareholders have committed to maintaining the independence of Sanda's operations, assets, personnel, and financial management, ensuring no illegal interference from controlling entities [7][8][27]. - The commitments include avoiding related party transactions and ensuring that the financial accounting department operates independently [7][8][27]. 5. Performance Commitments - China System's net profit commitments for the years 2021 to 2024 are set at 52,000 million yuan, 64,000 million yuan, 80,000 million yuan, and 87,000 million yuan respectively [13][30]. - The company will conduct audits to verify the fulfillment of these commitments and will issue compensation if the actual profits fall short [30][32]. 6. Lock-up Period for Shares - The shares acquired through this transaction are subject to a lock-up period of 36 months, with extensions possible if certain conditions regarding stock price are met [19][34].