Zhejiang Shibao Co., Ltd. announced that it will lift the restrictions on the 32.98 million A-shares issued to specific targets on October 10, 2024. These shares account for 5.4449% of the total A-shares and 4.0100% of the total share capital of the company. The shares were issued to 8 specific targets in 2022 and listed on the Shenzhen Stock Exchange on April 10, 2024, with approval from the China Securities Regulatory Commission. After the issuance, the total share capital of the company increased from approximately 0.79 billion shares to approximately 0.82 billion shares. The recipients of the issuance include China Great Wall, Caitong Fund, Huaan, GTJA, UBS AG, JPMorgan, Zhou Haihong, and Nord Fund, who have committed not to transfer the subscribed shares within six months from the listing date. The company and the board of directors guarantee that the announcement is true, accurate, complete, with no false records or significant omissions.

Zhejiang Shibao Co., Ltd. announced that it will lift the restrictions on the 32.98 million A-shares issued to specific targets on October 10, 2024. These shares account for 5.4449% of the total A-shares and 4.0100% of the total share capital of the company. The shares were issued to 8 specific targets in 2022 and listed on the Shenzhen Stock Exchange on April 10, 2024, with approval from the China Securities Regulatory Commission. After the issuance, the total share capital of the company increased from approximately 0.79 billion shares to approximately 0.82 billion shares. The recipients of the issuance include China Great Wall, Caitong Fund, Huaan, GTJA, UBS AG, JPMorgan, Zhou Haihong, and Nord Fund, who have committed not to transfer the subscribed shares within six months from the listing date. The company and the board of directors guarantee that the announcement is true, accurate, complete, with no false records or significant omissions.