Ningbo Zhoushan Port to unlock 3.6bn restricted A-shares

Ningbo Zhoushan Port Company Limited is set to release 3,646,971,029 restricted A-shares for public trading on September 29, 2025. This follows a non-public offering approved by the China Securities Regulatory Commission in September 2022, with shares registered that same month. China Merchants Port Group Co., Ltd., the sole subscriber, acquired these shares, which were subject to a 36-month lock-up period.

This impending release will convert the company's remaining 3,646,971,029 restricted shares into unrestricted tradable shares, completely unlocking all shares from this non-public offering. The company’s total share capital will remain 19,454,388,399 shares, with unrestricted tradable shares increasing to 19,454,388,399 shares from the current 15,807,417,370 shares.

China International Capital Corporation Limited, as the sponsor, verified that the share release complies with relevant regulations, and the shareholder has fulfilled its lock-up commitments. The sponsor also confirmed that all disclosed information related to these restricted shares is accurate and complete. This release will significantly alter the proportion of freely tradable shares in Ningbo Zhoushan Port Company.