SHANSHUI TECH.(SZ:301190) Zheng Quan Zhi Xing·2025-06-20 12:40Summary of Key Points Core Viewpoint - The announcement details the upcoming listing and circulation of previously issued shares of Jiujiang Shanshui Technology Co., Ltd., following the approval of the China Securities Regulatory Commission for the company's initial public offering (IPO) and the subsequent release of lock-up shares. Group 1: IPO Overview - The company successfully completed its IPO on December 24, 2021, issuing 53,660,000 shares, increasing the total share capital from 160,976,500 to 214,636,500 shares [1] - Post-IPO, the total share capital consists of 163,744,913 restricted shares (76.29%) and 50,891,587 unrestricted shares (23.71%) [1] Group 2: Share Lock-up and Release - As of the announcement date, the total share capital is 214,636,500 shares, with 71,046,900 unrestricted shares (33.10%) and 143,589,600 restricted shares (66.90%) [3] - The restricted shares, totaling 143,589,600, will be released for circulation starting June 24, 2025 [3] Group 3: Shareholder Commitments - Nine shareholders have made commitments regarding the lock-up of their shares, including a 36-month lock-up period post-IPO and conditions for any future share reductions [4][5] - Shareholders are required to notify the company three trading days in advance before any planned share reductions [8] Group 4: Compliance and Monitoring - The company confirms that all shareholders have adhered to their commitments, and there are no instances of fund occupation or illegal guarantees related to these shareholders [10] - The company will continue to monitor compliance with the commitments made by shareholders regarding share reductions [12] Group 5: Regulatory Approval - The sponsoring institution has verified that the application for the release of restricted shares complies with relevant regulations and that the shareholders have fulfilled their commitments made during the IPO [13]