CHUHUAN(SZ:001336) Zheng Quan Zhi Xing·2025-07-21 16:14Group 1 - The core viewpoint of the article is that Minsheng Securities has conducted a thorough review of the restricted shares of Hangzhou Chuhuan Technology Co., Ltd. (Chuhuan Technology) for their public listing and circulation, confirming compliance with relevant regulations [1][15] - Chuhuan Technology's initial public offering (IPO) involved the issuance of 20,093,500 shares, increasing the total share capital from 60,280,000 to 80,373,500 shares [1][15] - As of the announcement date, the share structure includes 51,610,740 restricted shares (64.21%) and 28,762,760 unrestricted shares (35.79%) [1][15] Group 2 - The shareholders applying for the lifting of share restrictions include Chen Budong, Xu Shiyong, Wu Yibo, and two investment partnerships [2][11] - The shareholders have made commitments regarding the lock-up period and conditions for share transfer, including a maximum transfer limit of 25% of their holdings per year [2][4] - The lifting of restrictions will allow for the circulation of 50,993,760 shares, with specific amounts available for each shareholder based on their commitments [12][14] Group 3 - The share structure will change post-restriction lifting, with restricted shares decreasing to 33,790,340 (42.04%) and unrestricted shares increasing to 46,583,160 (57.96%) [14][15] - The review by Minsheng Securities concluded that the lifting of restrictions aligns with the regulations of the Shenzhen Stock Exchange and that the shareholders have adhered to their commitments [15]