Core Points - The company, Weiteng Electric Group Co., Ltd., is set to issue 30,000,000 shares through a private placement, with the shares expected to be tradable starting July 3, 2025 [1][2][5] - The total number of shares after this issuance will increase from 156,506,480 to 186,506,480, representing a 19.2% increase in total share capital [1][2] - The lock-up period for the newly issued shares is six months from the issuance date, during which the 16 shareholders cannot transfer their shares [2][3] Summary of Issuance Details - The shares are being issued to specific investors as approved by the China Securities Regulatory Commission on April 27, 2024 [1] - The total number of shares being issued represents 15.99% of the company's total shares [5] - The issuance is part of the company's incentive plans, including the 2022 and 2023 restricted stock incentive plans [2][3] Shareholder Commitments - Shareholders of the newly issued shares have committed to a six-month lock-up period starting from the date of issuance [3] - Any shares derived from stock dividends or capital increases will also be subject to the same lock-up arrangements [3] Financial Integrity - As of the announcement date, there are no reported instances of fund occupation by the controlling shareholders or their affiliates [4] - The underwriting institution, CITIC Securities Co., Ltd., has confirmed that the shareholders are adhering to their commitments regarding the lock-up period [5]
威腾电气: 威腾电气集团股份有限公司2022年度向特定对象发行股票限售股上市流通公告