SICC CO.(SH:688234) Zheng Quan Zhi Xing·2025-07-03 16:27Core Points - The company, Shandong Tianyue Advanced Technology Co., Ltd., is set to release 129,302,726 shares for trading on July 14, 2025, following a 36-month lock-up period that was extended by 6 months due to specific commitments [1][2][6] - The total share capital of the company after the initial public offering (IPO) is 429,711,044 shares, with 395,953,759 shares being locked and 33,757,285 shares being freely tradable [1][2] - The newly tradable shares represent 30.09% of the company's total share capital [2][10] Summary of Lock-up and Trading Conditions - The lock-up period for the shares was originally set for 36 months but has been extended to 42 months due to the fulfillment of certain conditions [2][6] - The controlling shareholder, Zong Yanmin, has committed to not reducing their shareholding by more than 2% of the total shares in the fourth and fifth fiscal years following the IPO [2][3] - Any reduction in shareholding must comply with the relevant regulations set by the Shanghai Stock Exchange [3][4] Compliance and Verification - The company has confirmed that there are no instances of fund occupation by the controlling shareholder or related parties [7] - The underwriting institution has verified that the shareholders have adhered to their commitments made during the IPO process, and the details regarding the release of shares comply with regulatory requirements [7][8]