June 20 (NBD) -- Anxin Trust Co., Ltd (600816.SH) announced Wednesday that its controlling shareholder promised not to unload 1.675 billion shares in the company within two years from July 2, 2018.

Shanghai Gorgeous Investment bought the restricted stocks from Anxin Trust in July, 2015, and those shares will be tradable on the market on July 2, 2018.

The shareholder chose not to sell the shares in order to support the development of Anxin Trust and protect the interests of medium and small investors of the listed company, according to the announcement.

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