Gepic Energy to unlock restricted shares worth CNY 335m

Gepic Energy Development (SZSE:000791) announced the upcoming release of restricted shares stemming from its issuance of shares and cash purchase of assets, coupled with raising supporting funds through a related-party transaction. A total of 335,097,001 shares, constituting 10.3303% of the company's total share capital, will become tradable on July 1, 2025. These shares were issued to specific targets as part of a fundraising effort. The initial issuance included key investors such as China Yangtze Power Co., Ltd. with 105,820,105 shares, and Hubei Railway Development Fund Co., Ltd. and China State-owned Enterprise Structural Adjustment Fund II Co., Ltd., each with 52,910,052 shares. The shares have been locked up for six months since their issuance on December 31, 2024. The release aligns with the initial issuance terms, and the company confirms no changes to the total share capital impacting the release ratio. China Securities provides independent opinion that release meets regulatory requirements.