BNCT(SH:688282) Shang Hai Zheng Quan Bao·2025-09-09 21:04Core Viewpoint - Beijing Institute of Navigation Control Technology Co., Ltd. is set to list 51,480,000 shares of restricted stock for public trading on September 18, 2025, marking the end of a 42-month lock-up period for these shares [1][16]. Group 1: Stock Listing Details - The total number of shares to be listed is 51,480,000, which represents 58.50% of the company's total share capital [2]. - The shares being listed are part of the company's initial public offering (IPO) and were subject to a lock-up period of 36 months, which has now been extended by an additional 6 months [2][16]. - The shares were initially issued as part of the IPO, which included 22,000,000 shares that were listed on March 18, 2022 [1][2]. Group 2: Shareholder Commitments - The major shareholders, including the controlling shareholders, have made commitments regarding the lock-up and reduction of their shares, ensuring compliance with relevant regulations [4][7]. - Shareholders are prohibited from transferring or managing their pre-IPO shares during the lock-up period and must adhere to specific conditions if they choose to reduce their holdings after the lock-up expires [4][10]. - The commitments include a stipulation that any reduction in shares must not occur below the IPO price and must be announced three trading days in advance [10][11]. Group 3: Regulatory Compliance - The underwriting institution, China International Capital Corporation, has verified that the shareholders have adhered to their commitments regarding the lock-up period [14][15]. - The listing of the restricted shares complies with the relevant laws and regulations governing securities issuance and trading [14][15].