Securities Code: 300431
Securities Abbreviation: Baofeng Group
Announcement Number: 2020-041
Baofeng Group Co., Ltd. Announcement on the Lifting of Restrictions on Certain Shares Issued Prior to Initial Public Offering
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder: The number of shares with lifted restrictions this time is 4,907,733 shares, accounting for 1.49% of the company's total share capital. As of June 8, 2020, the actual tradable quantity is 0 shares, accounting for 0% of the company's total share capital. According to the business system of China Securities Depository and Clearing Corporation Limited, all pre-IPO restricted shares held by Tianjin Ronghui Sijin Enterprise Management Partnership (Limited Partnership) have been fully released from restrictions as of June 8, 2020. The company has not submitted an application for lifting the restrictions to China Securities Depository and Clearing Corporation Limited and does not have information on the reasons for the lifting of restrictions on the shares held by Tianjin Ronghui Sijin Enterprise Management Partnership (Limited Partnership).