Zhejiang Hengwei Battery (SZ:301222) Zheng Quan Zhi Xing·2025-09-03 08:10Core Viewpoint - Zhejiang Hengwei Battery Co., Ltd. is announcing the lifting of restrictions on shares that were issued prior to its initial public offering, allowing for the circulation of these shares in the market [1][22]. Group 1: Overview of Issued Shares - The company received approval from the China Securities Regulatory Commission for its initial public offering, issuing 25.3334 million shares, with a total share capital of 101.3334 million shares post-IPO [1]. - As of the announcement date, there are 71.775 million shares that remain restricted from circulation [1]. Group 2: Shareholder Commitments - Shareholders have committed not to transfer or manage their shares for 36 months post-IPO and will adhere to specific conditions regarding share price performance [2][3]. - If the stock price falls below the issue price for 20 consecutive trading days within six months post-IPO, the lock-up period will be extended by an additional six months [2][3]. Group 3: Shareholding Structure and Changes - The lifting of restrictions will not change the total share capital, which remains at 101.3334 million shares, with 71.775 million shares being released from restrictions [23]. - The shareholding structure indicates that the management holds a significant portion of the shares, with specific limits on their ability to sell [22][23]. Group 4: Compliance and Verification - The company and its shareholders have confirmed compliance with all commitments made during the IPO process, ensuring that there are no violations affecting the lifting of share restrictions [22][24]. - The sponsor institution has verified that the application for lifting share restrictions meets all regulatory requirements [24][25].