Hanma Technology to release significant restricted share block

Hanma Technology Group Co., Ltd. will see 235,000,000 restricted shares, converted from capital reserves during its restructuring process, become eligible for public trading on December 26, 2025. This represents 14.66% of the company's total share capital. The shares were acquired by restructuring investors, including twelve financial investors and a designated employee entity of the industrial investor, as part of the court-approved reorganization plan.

The restructuring, initiated in February 2024, involved pre-reorganization and reorganization proceedings for Hanma Technology and its subsidiaries. The plan, approved by the Ma’anshan Intermediate People's Court, included a capital reserve-to-share conversion at a ratio of 14.5 shares for every 10 existing shares. A total of 948,756,523 shares were converted.

Participating financial investors, including China Galaxy Asset Management Co., Ltd. and China Everbright Trust Co., Ltd., committed to a 12-month lock-up period from the share acquisition date. The industrial investor's designated employee entity agreed to a 12-month lock-up, with up to 50% of its holdings transferable between 12 and 24 months. As of the announcement date, all parties have fulfilled their commitments.

Post-release, the company's unrestricted circulating shares will increase to 1,322,685,760, while restricted shares will decrease to 280,385,607, out of a total share capital of 1,603,071,367.