BAIC BluePark to release 6.6m restricted shares

BAIC BluePark New Energy Technology Co., Ltd. announced the upcoming listing and circulation of 6,615,000 shares restricted from sale due to share reform. These shares, primarily acquired through a private placement, will become tradable on October 21, 2025. This marks the seventh instance of such shares becoming available for public trading, following the company's share reform scheme approved on February 12, 2018.

The total number of tradable shares represents a notable portion of the company's equity, with affected shareholders including Chengdu Siwei Electronic Co., Ltd., Kunming Gas (Group) Holding Co., Ltd., Kunming Jinzhi Industrial and Trade Co., Ltd., China Aero Engine Chengdu Engine Company Limited, and BAIC Group, among others. Following this release, the company's restricted shares from sale will decrease by 6,615,000, while unrestricted tradable shares will increase by the same amount, maintaining the total share capital at 5,573,503,169 shares.

The company’s independent sponsor, China Securities Co., Ltd., has confirmed that BAIC BluePark's application for the listing and circulation of these restricted shares complies with relevant regulations, and no substantial impediments to their circulation were identified.