HUALAN BIOLOGICAL(SZ:002007) Zheng Quan Zhi Xing·2025-08-13 11:11Core Viewpoint - Huashan Biological Vaccine Co., Ltd. is preparing for the public offering of its A-shares on the ChiNext board, with specific commitments made by its controlling shareholders regarding share lock-up and trading practices [1][11][19]. Summary by Sections Initial Public Offering Overview - The company plans to issue 40,010,000 shares, increasing its total share capital from 360,000,000 to 400,010,000 shares as of February 18, 2022 [1]. - Following a stock split of 10 shares for every 5 shares, the total share capital will rise to 600,015,000 shares [2]. Share Lock-up and Release - As of the date of the verification opinion, the total share capital stands at 601,027,500 shares, with 141,648,150 shares (23.57%) being unrestricted and 459,000,000 shares (76.37%) subject to lock-up [2][20]. - The lock-up period for the shares is extended by 6 months due to specific conditions being triggered, with the release date set for August 18, 2025 [2][3]. Commitments by Shareholders - The controlling shareholders, Huashan Biological and Hong Kong Kexin, have made commitments regarding the non-transfer of shares during the initial 36 months post-listing and conditions under which the lock-up period may be extended [3][4]. - Shareholders are obligated to comply with regulations regarding share reduction and must avoid any actions that could harm the interests of other shareholders [15][16]. Corporate Governance and Compliance - The company has established measures to ensure compliance with laws and regulations, including maintaining the independence of its operations and avoiding conflicts of interest with its controlling shareholders [14][19]. - The commitments made by the controlling shareholders are legally binding and will remain effective as long as they hold shares in the company [18][19]. Financial and Operational Commitments - The company has outlined a profit distribution policy and commitments to ensure that shareholder returns are met following the public offering [19][20]. - Measures are in place to stabilize the stock price and protect the interests of minority investors, including potential buyback plans if stock prices fall below certain thresholds [11][12].