Approximately 49.096 million restricted shares of SINOTECH will be listed and circulated on April 22

SINOTECH announced that approximately 49.096 million restricted shares will be listed and traded on April 22, 2025. These restricted shares are from the company's initial public offering and involve 6 households, including the actual controller and their concerted actors. This portion of shares accounts for 41.07% of the company's total share capital, with a lock-up period of 42 months

According to the announcement from SINOTECH (688737.SH), the restricted shares for this listing are the company's initial public offering restricted shares, involving 6 parties, including the company's actual controller, controlling shareholder, chairman, and legal representative Chen Qizhang and his concerted actors: the company's director and deputy general manager Chen Cuirong; Sichuan Shengnuo Investment Management Co., Ltd. (referred to as "Shengnuo Investment"); Luo Huajin; Sichuan Shengnuo Kait Technology Service Partnership (Limited Partnership) (referred to as "Shengnuo Kait"); and Chen Cuixian. A total of approximately 49.096 million shares, accounting for 41.07% of the company's total share capital, will have a lock-up period of 42 months from the date of the company's stock listing. This portion of restricted shares will be available for trading on April 22, 2025 (Tuesday) when the lock-up period expires