Yantian Port to list 913.76m restricted shares

Shenzhen Yantian Port Holdings (SZSE:000088) announced the upcoming listing and circulation of 913,758,995 restricted shares, accounting for 17.57% of the company’s total share capital. These shares stem from the company's issuance of shares and cash payment to purchase assets, coupled with a fundraising project aimed at specific investors. The beneficiaries include eight entities, including China COSCO Shipping, Industrial and Commercial Bank of China Financial Asset Investment, and Bank of China Financial Asset Investment. These investors committed to a six-month lock-up period. With the lock-up expiring, trading of the shares will commence on May 23, 2025. The company confirms that all relevant shareholders have adhered to their share lock-up commitments, and there are no instances of non-compliant use of company funds or irregular guarantees provided to these shareholders. Following the release of these restricted shares, Yantian Port's share structure will adjust, increasing the proportion of freely tradable shares to 60.83%.