SBT(SH:688392) Shang Hai Zheng Quan Bao·2025-09-18 19:46Core Viewpoint - The announcement details the upcoming listing and circulation of restricted shares for Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd., with a total of 44,981,239 shares set to be released on September 29, 2025, following a 36-month lock-up period since the company's initial public offering [2][3][17]. Group 1: Listing Details - The total number of shares to be listed is 44,981,239, which represents 38.87% of the company's total share capital [4][17]. - The listing date is confirmed as September 29, 2025, due to the preceding non-trading day on September 27, 2025 [3][17]. - The shares being released are part of the initial public offering, which had a total of 82 million shares, with 6,455,265.2 million shares under lock-up conditions [4][5]. Group 2: Shareholder Commitments - The controlling shareholder, Jiangsu Yangtai Enterprise Management Co., Ltd., and the actual controller, Zhou Hongjian, have voluntarily committed not to reduce their holdings for 12 months post the release date, except for a donation of 300,000 shares to Shanghai Jiao Tong University [3][13]. - Other shareholders have also made similar commitments to not transfer or manage their shares for 36 months from the listing date [8][9]. Group 3: Capital Changes - The company's total share capital increased from 82 million to 114.8 million shares following a cash dividend distribution and a capital reserve conversion plan approved on May 30, 2023 [5]. - Following the completion of the first vesting period of the 2024 restricted stock incentive plan on May 28, 2025, the total share capital further increased to 115,733,360 shares [6]. Group 4: Regulatory Compliance - The underwriting institution, Guotai Junan Securities Co., Ltd., has confirmed that all shareholders have adhered to their commitments regarding the restricted shares, and the listing complies with relevant regulations [16].