CITIC (00267): CITIC Metal Co., Ltd's initial public offering of restricted shares will start trading on April 10th.

CITIC (00267) announced that, with the approval of the China Securities Regulatory Commission, CITIC Metal Co., Ltd has been granted permission to publicly issue 5.01 billion yuan-denominated common shares (A shares) for the first time. The company will be listed on the main board of the Shanghai Stock Exchange on April 10, 2023. After the completion of the issuance, the total share capital of the company will be 49 billion shares, with 44.14 billion shares subject to restricted circulation and 4.86 billion shares subject to unrestricted circulation. The restricted shares to be listed in this offering are the first restricted shares issued by the company, involving two shareholders: CITIC Metal Co., Ltd Group Limited (CITIC Metal Group) and Zhongxin Yulian (Beijing) Enterprise Management Consulting Co., Ltd. (Zhongxin Yulian). The total number of restricted shares directly held by the aforementioned shareholders is 43.99 billion shares, accounting for 89.77% of the company's total share capital, with a lock-up period of 36 months from the date of the company's stock listing. As the lock-up period is about to expire, the aforementioned restricted shares will be listed for circulation starting from April 10, 2026.