Shanghai International Airport to release restricted shares

Shanghai International Airport (SSE:600009) is set to list 127,583,567 restricted shares on September 23, 2025. These shares, issued to Airport Group as part of the company's 2022 asset acquisition and fundraising, represent 5.13% of its total share capital. The lock-up period for these shares, resulting from a private placement, concludes on September 23, 2025, after 36 months.

The transaction, approved by the China Securities Regulatory Commission (CSRC) on April 25, 2022, involved Shanghai International Airport issuing 433,939,325 shares for asset purchases and an additional 127,583,567 shares to raise supporting funds, totaling 561,522,892 shares. The shares issued for asset acquisition had a 48-month lock-up period, while the shares for supporting funds had a 36-month lock-up.

Cathay Haitong Securities Co., Ltd., as the independent financial advisor, confirmed the release of these restricted shares complies with relevant laws and regulations. The company's share structure will adjust, with unrestricted circulating shares increasing by 127,583,567 and restricted shares decreasing by the same amount.