Zheng Quan Zhi Xing·2025-08-06 10:17Core Viewpoint - The company, Hongye Futures, is set to release 431,642,122 shares from lock-up, which constitutes 56.94% of its A-share capital and 42.83% of its total share capital, following its initial public offering (IPO) approval and listing on the Shenzhen Stock Exchange [1][2][11] Group 1: Share Structure and Lock-up Release - Prior to the IPO, the total share capital of the company was 907,000,000 shares, which increased to 1,007,777,778 shares post-IPO [2] - The released shares represent 42.83% of the total share capital and 56.94% of the A-share capital [2][10] - The company has not experienced any changes in share capital due to issuance, buybacks, or stock dividends since its listing [2] Group 2: Shareholder Commitments - Three shareholders, Jiangsu Suhao Holding Group Co., Ltd., Suhao Hongye Co., Ltd., and Jiangsu Hongye International Logistics Co., Ltd., have applied for the release of share lock-up [3][10] - The controlling shareholder, Suhao Holding, has committed not to reduce its holdings during the lock-up period prior to the IPO [3][6] - All shareholders have pledged to adhere to their commitments regarding share lock-up and reduction intentions, with specific conditions outlined for potential reductions post-lock-up [6][8][9] Group 3: Compliance and Oversight - The company and its sponsor, CITIC Securities, will monitor the shareholders' reduction activities and ensure compliance with relevant laws and commitments [10][11] - The release of shares complies with the Shenzhen Stock Exchange's regulations and the commitments made during the IPO process [11]