Sichuan Road & Bridge to release 2bn restricted shares, continues buyback

Sichuan Road & Bridge Construction Group Co., Ltd. will list 1,977,714,040 restricted shares for circulation on December 1, 2025. These shares, originating from a non-public offering for asset acquisition and supporting funds, represent 22.74% of the company's total share capital. Major holders, including Shu Dao Group, Sichuan Expressway, Zang Gao Company, Gao Lu Wen Lv, and Shu Dao Capital, had committed to a 36-month lock-up period, which is now concluding.

In a related development, Sichuan Road & Bridge is continuing its share buyback program. As of November 21, 2025, the company has repurchased 7,646,900 shares, representing 0.0879% of its total share capital, for a total of CNY 70,203,437.67. The repurchases were executed at prices ranging from CNY 8.62 to CNY 9.85 per share, with the maximum repurchase price adjusted to CNY 12.13 per share. These repurchased shares are intended for employee stock ownership plans or equity incentives.