China Power Construction's major shareholder extends share lock-up

Power Construction Corp of China (SSE:601669) announced that its controlling shareholder, China Power Construction Group, will continue to lock up its 4,154,633,484 shares after the initial lock-up period expires on June 19, 2025. The lock-up will remain in effect until the company's stock price recovers to or exceeds the latest audited net asset value per share attributable to ordinary shareholders. This decision follows previous extensions made since 2018. The original share issuance was approved in 2015 (证监许可(2015)983) to acquire eight subsidiaries held by China Power Construction Group, with the shares initially subject to a 36-month lock-up period.