GREAT MICROWAVE(SH:688270) Zheng Quan Zhi Xing·2025-07-18 16:23Core Viewpoint - The announcement details the upcoming listing and circulation of restricted shares for Zhejiang Zhenlei Technology Co., Ltd., with a total of 69,819,904 shares set to be released on July 28, 2025, representing 32.61% of the company's total share capital [1][2][6]. Group 1: Listing Details - The total number of shares to be listed is 69,819,904, which includes shares from the capital reserve increase [1][2]. - The shares will be available for circulation starting on July 28, 2025 [1][6]. - The restricted shares are part of the company's initial public offering (IPO) and were subject to a lock-up period that has now been extended to 42 months due to specific commitments [2][6]. Group 2: Share Capital Changes - As of May 12, 2023, the company approved a capital reserve increase, resulting in an additional 43,684,000 shares, bringing the total share capital to 152,894,000 shares [2][3]. - Following the capital increase, the total number of restricted shares has been adjusted, with the current restricted shares totaling 69,819,904 [2][3]. Group 3: Shareholder Commitments - The controlling shareholder and actual controller have committed not to transfer or manage their shares for 36 months post-IPO, with an automatic extension of 6 months if certain conditions are met [4][5]. - Other shareholders have made similar commitments regarding the management and transfer of their shares, ensuring compliance with the lock-up agreements [5][6]. Group 4: Regulatory Compliance - The underwriting institution, CITIC Securities, has confirmed that the application for the release of restricted shares complies with relevant laws and regulations [15][16]. - The company has no reported instances of fund occupation by controlling shareholders or related parties [15].