Initiate Electric: 56.16 million shares of restricted shares will be listed for trading on June 30th.

The announcement by Kailun Electric stated that the shares issued before the company's initial public offering will be listed and circulated on June 30, 2026. The number of restricted shares being released this time is 56.16 million shares, accounting for 53.6902% of the total share capital of the company, involving 4 shareholders. As of the disclosure date of the announcement, the related shareholders have strictly fulfilled their commitments, and there is no non-operational use of the company's funds or the company's improper guarantee for them. After the restricted shares are listed and circulated, the proportion of restricted shares with conditions will decrease to 32.2342%, while the proportion of unrestricted shares will increase to 67.7658%.