Great Shengda to release restricted shares for trading

Zhejiang Great Shengda Packaging Co., Ltd. (SSE:603687) announced the upcoming release of restricted shares for trading. A total of 3,529,411 shares, previously issued to specific investors, will become freely tradable on February 17, 2025. These shares, acquired through a private placement, were subject to lock-up periods ranging from 6 months to 18 months. The release involves shares held by Hangzhou Xinshengda Investment Co., Ltd. After the release, the company's total share capital remains unchanged at 550,031,864. The company confirmed no instances of fund occupation by controlling shareholders or related parties and stated it has met all requirements for this share release.