Sichuan Development Longmang to list restricted shares in 2025

Sichuan Development Longmang Co., Ltd. (SZSE:002312) has announced that 124,608,852 restricted shares, representing 6.5954% of its total share capital, will become eligible for circulation on September 22, 2025. These shares were issued in 2022 to Sichuan Advanced Materials Industry Investment Group Co., Ltd. and Sichuan Salt Industry Group Co., Ltd. as part of an asset acquisition and connected transaction.

The shares were subject to a 36-month lock-up period, which was extended from July 19, 2025, to September 22, 2025, due to an increase in holdings by Sichuan Development Investment Fund Management Co., Ltd. - Sichuan Capital Market Support and Development Securities Investment Fund Partnership (Limited Partnership) in March 2024. The unlocking of these shares will significantly increase the company's unrestricted share capital.

The independent financial advisor, Huatai United Securities Co., Ltd., has confirmed that the unrestricted listing quantity and circulation date comply with relevant laws, regulations, and shareholder commitments, and that the information disclosure is accurate and complete. Neither Sichuan Advanced Materials Industry Investment Group Co., Ltd. nor Sichuan Salt Industry Group Co., Ltd. currently have plans to reduce their holdings.