Beijing Shougang to release over 1 bn restricted shares

Beijing Shougang Co., Ltd. announced that 1,015,417,369 restricted shares, held by Shougang Group Co., Ltd., will be eligible for public trading on October 20, 2025. This represents 13.0938% of the company's total share capital. The shares were acquired through an asset purchase and capital raising transaction in March 2022.

The lock-up period for these shares was automatically extended by six months due to the company's stock price falling below the issuance price for 20 consecutive trading days within six months of the transaction's completion. The independent financial advisors, China Securities Credit Suisse Securities Co., Ltd. and Huatai United Securities Co., Ltd., confirmed that the lifting of restrictions complies with relevant laws and regulations.

Following the release, Beijing Shougang’s unrestricted circulating shares will increase to 7,522,681,016, making up 97.0047% of the total share capital, while restricted circulating shares will decrease to 232,286,354, representing 2.9953%. Shougang Group has fulfilled all commitments related to the transaction.