Alto Electronics lifted 37.44 million shares of restricted shares on June 11 for sale

On June 6, GF Securities Co., Ltd. issued a notice on the verification opinion on the lifting of the ban on the sale of restricted shares of Shenzhen Alto Electronics Co., Ltd.

The announcement stated that Alto Electronics was allowed to publicly issue RMB 21 million ordinary shares (A shares) to the public with a par value of RMB 1.00 per share and an issue price of RMB 16.00 per share. Prior to the issuance, Alto Electronics had a total share capital of 63 million shares, and the company's share capital was 84 million shares after the completion of the issuance.

The number of shares that were released from the sale was 37.44 million shares, accounting for 44.57% of the company's total share capital; the number of shareholders applying for the release of the restricted shares was 37. The date of the release of the restricted shares can be listed on June 11, 2012.

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