Zheng Quan Zhi Xing·2025-05-18 08:21Core Viewpoint - The report outlines the verification opinion of CITIC Securities regarding the upcoming public listing of restricted shares for CloudWalk Technology Group, which will be released for trading after a 36-month lock-up period, starting from May 27, 2025 [1][2][3]. Group 1: Restricted Shares Details - The total number of restricted shares to be listed is 79,822,447, which represents 7.69% of the company's total share capital [2][4]. - The restricted shares were part of the company's initial public offering (IPO) and were subject to a lock-up period of 36 months from the date of listing on May 27, 2022 [2][3]. - The total share capital of CloudWalk Technology increased from 740,670,562 shares to 1,036,938,787 shares due to a capital reserve conversion plan, which involved a distribution of 4 shares for every 10 shares held [2]. Group 2: Shareholder Commitments - The shareholders holding the restricted shares have committed not to transfer their shares for 36 months following the company's IPO [3]. - If regulatory authorities suggest changes to the lock-up period, the shareholders agree to comply with such adjustments [3]. - As of the date of the verification opinion, all shareholders have adhered to their commitments, ensuring no impact on the upcoming listing of restricted shares [3]. Group 3: Verification Opinion - CITIC Securities confirms that the shareholders of the restricted shares have complied with their lock-up commitments, and the details regarding the number and timing of the restricted shares' public listing align with relevant laws and regulations [4]. - The verification opinion indicates no objections to the listing of the restricted shares, affirming compliance with the applicable legal framework [4].