FengGuang Stock(SZ:301100) Zheng Quan Zhi Xing·2025-06-29 16:06Core Viewpoint - The announcement details the lifting of restrictions on the circulation of shares prior to the initial public offering (IPO) of Yingkou Fengguang New Materials Co., Ltd, allowing 37.5 million shares to be released into the market, which constitutes 18.75% of the company's total share capital [1][8]. Group 1: Share Issuance and Capital Structure - The company has publicly issued 50 million A-shares at a price of RMB 27.81 per share, increasing the total share capital from 150 million to 200 million shares [1]. - As of the announcement date, the total share capital stands at 200 million shares, with 150 million shares under restricted circulation and 50 million shares freely tradable [1][8]. Group 2: Shareholder Commitments - Shareholders applying for the lifting of restrictions include key individuals and entities, who have committed to not transferring or managing their shares for 36 months post-IPO, with specific conditions for any future sales [1][2]. - The shareholders have agreed that any reduction in shareholding after the lock-up period will not exceed 25% of their total holdings from the previous year, and the selling price will not be lower than the IPO price [2][8]. Group 3: Compliance and Monitoring - The company will continuously monitor the compliance of shareholders with their commitments regarding share sales and will ensure adherence to relevant regulations and disclosure obligations [8][9]. - The lifting of share restrictions is subject to the final results from the China Securities Depository and Clearing Corporation [12]. Group 4: Underwriter's Opinion - The underwriter has no objections to the lifting of the share restrictions and confirms that the actions taken comply with relevant laws and regulations [14].