ComNav Technology (SH:688592) Zheng Quan Zhi Xing·2025-08-08 16:23Core Points - The company, Sihnan Navigation Technology Co., Ltd., is set to list 1,010,100 shares for trading on August 18, 2025, as part of its initial public offering (IPO) strategic placement with a lock-up period of 24 months [1][2][4] - The total number of shares after the IPO is 62,160,000, which will increase to 80,460,614 shares following a capital reserve increase of 3 shares for every 10 shares held [1][2] - The strategic placement shares represent 1.26% of the company's total share capital as of July 31, 2025 [2][3] Summary of Restricted Shares - The restricted shares are part of the company's IPO strategic placement, with one shareholder being the subsidiary of the underwriting institution, and the lock-up period is 24 months from the IPO date [2][3] - The total number of restricted shares listed for trading is 1,010,100, which corresponds to the total number of shares available for trading after the lock-up period [3][4] - The underwriting institution has confirmed that the shareholder has adhered to all commitments made during the IPO process [3][4] Changes in Share Capital - The company's share capital has changed due to a capital reserve increase, with the total shares rising from 62,160,000 to 80,460,614 following the distribution announcement [1][2] - The increase in share capital is a result of the decision to convert capital reserves into additional shares, with the specifics of the conversion outlined in the company's announcement [1][2] Compliance and Verification - The underwriting institution has verified that the shareholders of the restricted shares have complied with their commitments, and the listing of these shares meets all legal and regulatory requirements [4] - The company has ensured that the information disclosed regarding the restricted shares is accurate and complete, aligning with the relevant laws and regulations [4]