Yunnan Wenshan Electric Power to unlock 2bn restricted shares

Yunnan Wenshan Electric Power Co., Ltd. announced that 2,086,904,162 restricted shares, previously issued to China Southern Power Grid Co., Ltd. for asset acquisition, will become tradable on September 8, 2025. These shares were part of a major asset swap, share issuance, and concurrent fundraising approved by the China Securities Regulatory Commission (CSRC) in August 2022.

The shares, issued on September 8, 2022, had a 36-month lock-up period. China Southern Power Grid Company has adhered to its commitments regarding the non-transferability of these shares. The independent financial advisor, China International Capital Corporation Limited, confirmed that all conditions for lifting the restrictions have been met.

Following this unlock, the company's total share capital will remain 3,196,005,805 shares, with the previously restricted shares now becoming freely tradable. This change will eliminate all previously restricted shares and increase the number of unrestricted shares.