Core Viewpoint - The company, Shanghai Gaolun Electronics Co., Ltd., is set to release 256,744,747 shares for trading on June 30, 2025, marking the end of a 42-month lock-up period for these shares, which represent 59.00% of the company's total equity [1][2][15]. Summary by Sections Stock Listing Details - The upcoming stock listing involves the release of 256,744,747 shares, which corresponds to 59.00% of the company's total equity, with a lock-up period of 42 months from the initial public offering [1][2][15]. - The shares will be available for trading starting June 30, 2025, due to the non-trading day on June 28, 2025 [1][2][15]. Changes in Share Capital - The company has experienced changes in its share capital due to the 2023 restricted stock incentive plan, which included two instances of share capital increase [2][3]. - The first instance involved the registration of 126,900 shares on February 18, 2025, increasing the total share capital from 433,804,445 shares to 433,931,345 shares [2][3]. - The second instance involved the registration of 1,246,508 shares on May 26, 2025, further increasing the total share capital to 435,177,853 shares [3][4]. Shareholder Commitments - Shareholders have made commitments regarding the lock-up period, including a 36-month restriction on transferring or managing shares held prior to the IPO [5][6][8]. - If the closing price falls below the IPO price within six months post-listing, the lock-up period will automatically extend by an additional six months [5][6][8]. - Shareholders must disclose any plans to reduce their holdings three trading days in advance and adhere to specific regulations regarding share transfers [7][9][10]. Compliance and Verification - The sponsor institution, China Merchants Securities Co., Ltd., has verified that all shareholders have complied with their commitments regarding the lock-up period [15][16]. - The release of the restricted shares and the timing of the listing comply with relevant laws and regulations [15][16].
概伦电子: 首次公开发行部分限售股上市流通公告