Special Reminder:
- Shaanxi Meino Clean Energy Group Co., Ltd. (hereinafter referred to as "the Company" or "Meino Energy") is lifting restrictions on certain shares issued before its initial public offering (IPO).
- The number of shares being released from restrictions is 176,087,285, accounting for 72.5718% of the total share capital; the actual number of shares available for public trading is 153,101,660, accounting for 63.0986% of the total share capital.
- The date for the listing and trading of the released shares is October 31, 2025.
I. Overview of Shares Issued Before the Initial Public Offering and Changes After Listing
(1) Situation of Shares Issued Before the Initial Public Offering
Approved by the China Securities Regulatory Commission in the "Approval on the Initial Public Offering of Shaanxi Meino Clean Energy Group Co., Ltd." (Zheng Jian Xu Ke [2022] No. 2093) and agreed upon by the Shenzhen Stock Exchange, the Company publicly issued 46,900,000 ordinary shares (A shares) and guarantees that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions. The shares were listed on the Shenzhen Stock Exchange main board on October 31, 2022. Before the IPO, the total share capital of the Company was 140,679,697 shares, and after the IPO, it became 187,579,697 shares, with 140,679,697 shares subject to trading restrictions and 46,900,000 shares free of restrictions. As of October 31, 2023, 5,227,939 shares of the restricted shares have been released and are available for trading, leaving 135,451,758 shares still under restriction (excluding locked shares held by executives). For details, please refer to the Company's announcement on October 27, 2023, disclosed on the Giant Tide Information Network (www.cninfo.com.cn) titled "Notice on the Partial Lifting of Restrictions on Shares Issued Before the Initial Public Offering and Their Listing" (Announcement No. 2023-057).
(2) Changes in Shares After Listing
On March 25, 2025, the Company held the 13th meeting of the third board of directors and the 12th meeting of the third supervisory board, and on April 16, 2025, it held the 2024 annual general meeting of shareholders, all of which approved the proposal on the profit distribution and capital reserve conversion to increase share capital for 2024. This plan was implemented on April 28, 2025, based on the total share capital of 183,529,697 shares registered with the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd., after deducting 4,050,000 repurchased shares, with a conversion ratio of 3 shares for every 10 shares held, resulting in an increase of 55,058,909 shares, raising the total share capital to 242,638,606 shares. For details, please refer to the Company's announcements on March 27, 2025, and April 22, 2025, disclosed on the Giant Tide Information Network (www.cmnfo.com.cn) titled "Announcement on the Profit Distribution and Capital Reserve Conversion to Increase Share Capital for 2024" (Announcement No. 2025-006) and "Implementation Announcement of the 2024 Annual Equity Distribution" (Announcement No. 2025-014). As of the date of this announcement, the total share capital of the Company is 242,638,606 shares, of which restricted circulating shares amount to 177,339,347 shares (including locked shares held by executives), accounting for 73.0879% of the total share capital; unrestricted circulating shares amount to 65,299,259 shares, accounting for 26.9121%.
II. Compliance of Shareholders Applying for Lifting of Restrictions
A total of 7 shareholders are applying for the lifting of restrictions, including Shaanxi Fengsheng Enterprise Management Co., Ltd. (hereinafter referred to as "Shaanxi Fengsheng"), Yan Liqun, Li Quanping, Xi'an Meisheng Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Meisheng Investment"), Yang Lifeng, Yan Wei, and Shaanxi Meino Investment Co., Ltd. (hereinafter referred to as "Meino Investment").