China Greatwall to release restricted shares in February

China Greatwall Technology Group (SZSE:000066) announced the upcoming release of restricted shares stemming from a non-public offering in December 2021. A total of 78,796,561 shares will become tradable, accounting for 2.4427% of the company's total share capital of 3,225,799,088 shares. The release involves shares previously held by two major shareholders: China Electronics Corporation (53,724,928 shares) and CECEP Fund Management (25,071,633 shares). The company confirms that these shareholders have fully complied with their commitments related to the shareholding restrictions and that there are no instances of misappropriation of company funds or illegal guarantees. The release is scheduled for February 21, 2025, following regulatory approvals and compliance with Shenzhen Stock Exchange rules.