MGI(SH:688114) Zheng Quan Zhi Xing·2025-09-01 16:18Core Viewpoint - Shenzhen BGI Intelligent Manufacturing Technology Co., Ltd. is set to release 200,177,511 restricted shares for trading on September 9, 2025, following a 36-month lock-up period for pre-IPO shareholders [1][2][12]. Group 1: Listing Details - The total number of shares to be listed is 200,177,511, which represents 48.06% of the company's total share capital [2][12]. - The shares being released are part of the restricted shares held by four shareholders prior to the company's initial public offering (IPO) [2][12]. - The company received approval from the China Securities Regulatory Commission for its initial public offering, which included the issuance of 41,319,475 shares [1][2]. Group 2: Share Capital Changes - After the IPO, the company's total share capital was 413,110,000 shares, which increased to 414,334,730 shares following the first stock option exercise on October 21, 2022 [2][3]. - The total share capital further increased to 415,637,624 shares after the second stock option exercise on May 10, 2023, and to 416,516,155 shares after the third exercise on October 16, 2024 [3][2]. Group 3: Lock-up Commitments - Shareholders have committed to not transferring or managing their shares for 36 months from the date of the IPO [4][9]. - In the first three complete fiscal years post-IPO, shareholders will not reduce their holdings, with a maximum of 2% allowed for reduction in the fourth and fifth years [4][7]. - If the company's stock price falls below the IPO price for 20 consecutive trading days, the lock-up period will automatically extend by six months [5][8]. Group 4: Compliance and Verification - The company has confirmed that there are no fund occupation issues by controlling shareholders or related parties [11]. - The underwriter has verified that the shareholders have adhered to their commitments regarding the restricted shares [12].