探路者定增认购方出具减持承诺：锁定36个月并承诺短期不减持

Core Viewpoint - The announcement by Tanuo Group regarding the issuance of shares to specific investors aims to stabilize the stock price and enhance investor confidence through commitments to not reduce shareholdings during critical periods [1][7]. Group 1: Background of the Private Placement - Tanuo Group's board approved a resolution on October 31, 2025, to issue shares to specific investors, namely Beijing Tongyu Heying Investment Management Co., Ltd. and Beijing Minghongyi Technology Service Co., Ltd., both controlled by Li Ming, constituting concerted action [2]. Group 2: Share Lock-up Commitments - The commitment letter from the investors includes a six-month lock-up period prior to the pricing date, ensuring no share reductions occurred, which supports the fairness of the pricing [3]. - The investors have committed not to reduce their holdings for six months following the issuance, which helps prevent sudden increases in supply that could impact the secondary market [4]. - A long-term lock-up of 36 months for the newly subscribed shares is also in place, reflecting the investors' recognition of Tanuo Group's long-term investment value [5]. Group 3: Enforcement of Commitments - In case of a breach of the commitment, any gains from share reductions will be returned to Tanuo Group, and the investors will bear legal responsibilities, ensuring the commitments are taken seriously [6]. Group 4: Market Implications - Analysts suggest that the investors' long-term commitment to not reduce their holdings alleviates market concerns about potential sell-offs after the lock-up period, thereby stabilizing market expectations and reinforcing the alignment of interests between core investors and the company [7].