Shanghai Rural Commercial Bank Co.,Ltd. announced that a portion of restricted shares from its initial public offering will be released for trading circulation on August 19, 2025. The release involves 3,652 shareholders and one unconfirmed securities account, totaling 57,857,794 shares, representing 0.60% of the company's total share capital.
According to the announcement, the restricted shares being released are internal employee shares that were locked when Shanghai Rural Commercial Bank went public on August 19, 2021, with a lockup period of 48 months. Following the release, the company's restricted tradable shares will decrease to 270,003,042 shares, accounting for 3.40% of total share capital, while unrestricted tradable shares will increase to 9,374,441,403 shares, representing 96.60%.
The announcement indicates that relevant shareholders committed at the time of listing that after the lockup period expires, annual share transfers would not exceed 15% of their total holdings, and total transfers within five years would not exceed 50%. Additionally, due to stock price conditions triggering extended lockup provisions, some executive shareholdings have been extended until February 18, 2026.
Shanghai Rural Commercial Bank stated that this restricted share release complies with relevant laws, regulations, and shareholder commitments, and will not have a significant impact on corporate governance and operations. Underwriter Guotai Haitong Securities Co., Ltd. confirmed after review that the release complies with regulatory requirements and the information disclosure is accurate and complete.
As of the announcement date, Shanghai Rural Commercial Bank's total share capital stands at 9,644,444,445 shares. Following this release, tradable shares will further increase, potentially enhancing market liquidity.
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