Company Overview - Yongzhen Technology Co., Ltd. has received approval from the China Securities Regulatory Commission for its initial public offering (IPO) of 59,314,100 shares at a price of RMB 23.35 per share, scheduled to be listed on June 26, 2024 [1] Share Lock-up Commitments - The controlling shareholders, Wang Xianli and Shao Dongfang, have committed to a 12-month lock-up period for their shares, which may be extended by an additional 12 months [1][2] - Employee shareholding platforms, including Changzhou Jintan District Zhenhe Industrial Investment Partnership and Changzhou Jintan District Zhen Cai Industrial Investment Partnership, also have a 12-month lock-up commitment [2] Financial Performance and Lock-up Extension - In 2024, the company's net profit attributable to shareholders, after deducting non-recurring gains and losses, is reported at RMB 181.82 million, a decrease of 50.59% compared to RMB 367.96 million in 2023, triggering the extension of the lock-up period for relevant shareholders [2][3] - The lock-up period for shareholders will be automatically extended by 12 months due to the decline in net profit [2][4] Shareholder Holdings and Lock-up Details - Wang Xianli holds 88,118,640 shares directly and an additional 1,000 shares indirectly, with the lock-up period extended to June 26, 2028 [2][3] - Shao Dongfang holds 5,443,000 shares indirectly, with the lock-up period also extended to June 26, 2028 [3] - The employee shareholding platforms hold 1,300,000 shares and 700,000 shares respectively, with similar lock-up extensions [4] Sponsor Institution's Opinion - The sponsor institution has verified that the actions taken by the controlling shareholders and other relevant shareholders to extend the lock-up period are in compliance with their commitments and do not harm the interests of the listed company or minority shareholders [5]
永臻股份: 关于相关股东延长锁定期的公告