Core Viewpoint - Ningbo Tianyi Medical Devices Co., Ltd. is set to release 40,600,000 shares for trading on October 24, 2025, which represents 68.8750% of the company's total share capital, following the expiration of a 42-month lock-up period since its IPO on April 7, 2022 [2][4][22]. Group 1: Share Release Details - The shares being released are part of the pre-IPO shares that were subject to a lock-up period, which began on April 7, 2022 [2][4]. - The total share capital of the company is 58,947,368 shares, with 40,600,000 shares currently under lock-up, accounting for 68.8750% of the total [4][22]. - The lock-up period for these shares was set for 42 months from the date of the company's IPO [2][4]. Group 2: Shareholder Commitments - The shareholders applying for the release of the lock-up include Wu Zhimin, Wu Bin, and Zhang Wenyu, who are the company's controlling shareholders and actual controllers [6][22]. - These shareholders made commitments regarding the lock-up and reduction of shares, including not transferring or managing their shares during the lock-up period and adhering to specific conditions for any future share reductions [6][11][19]. - The commitments also stipulate that any reduction in shares after the lock-up period must comply with relevant regulations and cannot exceed certain limits [19][21]. Group 3: Company Background and IPO Information - The company completed its IPO on April 7, 2022, issuing 14,736,842 shares, which increased its total share capital from 44,210,526 shares to 58,947,368 shares [3][4]. - Prior to the IPO, 44,971,152 shares were subject to lock-up, representing 76.29% of the total share capital post-IPO [3][4]. - The company has not experienced any changes in share capital due to issuance, repurchase, or stock dividends since the lock-up shares were formed [5].
宁波天益医疗器械股份有限公司首次公开发行前已发行股份上市流通提示性公告