Guizhou Zhenhua E-chem Inc. (688707.SH): 160 million restricted shares will be listed for trading starting on September 25th.

Guizhou Zhenhua E-chem Inc. (688707.SH) announced that the restricted shares to be listed this time are the shares issued by the company before its initial public offering. The lock-up period is 36 months from the date of the company's initial public offering, involving 3 shareholders with a total of 160 million restricted shares, accounting for 31.40% of the total share capital of the company. The lock-up period is about to expire, and the above-mentioned restricted shares will be listed for trading from September 25, 2024. It is reported that the shareholders of the restricted shares to be listed this time are: the controlling shareholder of the company, China Zhenhua Electronics Group Co., Ltd. ("Zhenhua Group"), as well as ZTE Corporation Limited ("ZTE Corporation") and Shenzhen Kaifa Technology Co., Ltd. ("Shenzhen Kaifa Technology"), which are controlled by the same ultimate controlling person as the company. According to inquiries, the above-mentioned shareholders of restricted shares do not have any plans to reduce their holdings within the next 6 months from August 6, 2024.