Hunan Silver to unfreeze shares from asset acquisition, boosting tradable stock

China International Capital Corporation Limited (CICC) has confirmed the upcoming release of 131,760,917 restricted shares of Hunan Silver Company Limited. These shares, representing 4.67% of the company's total share capital, were issued to Hunan Color Industry Investment Group Co., Ltd. (now Hunan Provincial Mineral Resources Group Co., Ltd.) as part of a major asset restructuring and concurrent fundraising, totaling 301,732,499.93 yuan. The issuance occurred on April 16, 2024, at 2.29 yuan per share, with an 18-month lock-up period.

The shares will become tradable on October 20, 2025. Hunan Provincial Mineral Resources Group Co., Ltd. has fulfilled its commitments regarding share lock-up, avoidance of horizontal competition, and reduction of related-party transactions, as confirmed by CICC. The unfreezing will reduce restricted shares from 22.32% to 17.65% of the total share capital, increasing tradable shares from 77.68% to 82.35%. CICC finds no issues with the lifting of the restrictions.