Luster(SH:688400) Zheng Quan Zhi Xing·2025-06-24 16:50Core Viewpoint - The announcement details the upcoming listing and circulation of 223,777,585 restricted shares of Lingyun Technology Co., Ltd., which will be available for trading starting July 7, 2025, following a voluntary commitment by shareholders not to reduce their holdings for 12 months [1][11]. Summary by Sections 1. Type of Restricted Shares - The restricted shares are part of the company's initial public offering (IPO) and were approved by the China Securities Regulatory Commission. The total number of shares issued in the IPO is 463,500,000, with 380,193,793 shares subject to restrictions, accounting for 82.03% of the total [2]. 2. Changes in Share Capital - Following the cancellation of 2,523,267 shares from a buyback plan, the company's total share capital decreased from 463,500,000 to 460,976,733 shares. No other changes in share capital have occurred since the formation of the restricted shares [3]. 3. Commitments Regarding Restricted Shares - Shareholders have committed not to transfer or reduce their holdings of restricted shares for 36 months from the IPO date. This commitment includes provisions for extending the lock-up period if certain conditions are met [6][10]. 4. Listing and Circulation Details - The total number of restricted shares to be listed is 223,777,585, which represents 48.5442% of the company's total share capital. The listing date is set for July 7, 2025 [11][12]. 5. Shareholder Commitment Not to Reduce Holdings - Major shareholders, including the controlling shareholder and management, have voluntarily committed not to transfer or reduce their holdings for 12 months starting from the listing date. This commitment aims to promote the company's stable development and protect investor interests [13].