Review Opinion on the Release of Restrictions for Specific Issued Shares of China National Machinery Group Co., Ltd.
Everbright Securities Co., Ltd. (hereinafter referred to as "Everbright Securities" or "Sponsor") is the sponsor for China National Machinery Group Co., Ltd. (hereinafter referred to as "China National Machinery" or "Company") regarding the issuance of A-shares to specific targets in 2022. In accordance with the "Regulations on the Management of Securities Issuance and Listing Sponsorship," "Shenzhen Stock Exchange Listing Rules," and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board of the Shenzhen Stock Exchange," Everbright Securities conducted a prudent review of the release of restrictions on shares issued to specific targets. The review findings are as follows:
- Basic Information on the Shares for Release of Restrictions The release of restricted shares was approved by the China Securities Regulatory Commission in the "Approval for the Registration of China National Machinery Group Co., Ltd.'s Issuance of Shares to Specific Targets" (Zheng Jian Xu Ke [2025] No. 227). The company issued 7,504,321 ordinary shares at a price of RMB 15.29 per share to four specific targets: China National Machinery Group Co., Ltd. (hereinafter referred to as "National Machinery Group"), National Machinery Capital Holdings Co., Ltd. (hereinafter referred to as "National Machinery Capital"), Wuhan Huashi Huitian Private Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Huashi Huitian"), and Nord Fund Management Co., Ltd. (hereinafter referred to as "Nord Fund"). The registration procedures were completed with the Shenzhen branch of China Securities Depository and Clearing Co., Ltd., and the shares were listed on the Shenzhen Stock Exchange on March 19, 2025. Following this issuance, the total share capital of the company increased to 536,266,835 shares. The details of the issuance targets, number of shares issued, and lock-up periods are as follows: