Shandong Oriental Ocean Sci-Tech: Restricted shares to unlock after bankruptcy restructuring

Shandong Oriental Ocean Sci-Tech (SZSE:002086) will see 626,074,791 restricted shares, representing 31.96% of its total share capital, become tradable on February 10, 2025. This follows the successful completion of the company's bankruptcy restructuring plan, approved by the Laishan District Court on December 18, 2023. The shares, originating from a capital reserve transfer, were distributed to 11 investors as part of the restructuring. These investors, including Guoyuan Fund and Baohongjing Asset Management, had committed to a 12-month lock-up period, which has now expired. The share unlock will significantly increase the company's free float. No instances of misuse of company funds or illegal guarantees were found related to these investors.