Xiamen Tungsten to release restricted shares for trading

Xiamen Tungsten Industry Co., Ltd. announced the upcoming listing and circulation of restricted shares issued to specific targets. A total of 135,925,480 shares, acquired through a private placement and previously subject to a six-month lock-up period (36 months for a key shareholder), will become tradable on June 13, 2025. These shares represent 8.56% of Xiamen Tungsten's total share capital. The shares were initially issued on December 13, 2024, following approval from the China Securities Regulatory Commission (CSRC). The recipients of the shares included Central Enterprise Rural Industry Investment Fund Co., Ltd, Chongqing Yuxin Creation Energy Private Equity Investment Fund Partnership and other investment entities. CITIC Securities, the company's sponsor, has verified the compliance of this release with relevant regulations. Following a minor share buyback, Xiamen Tungsten's total share capital currently stands at 1,587,585,826 shares.