FHEC(SH:688362) Shang Hai Zheng Quan Bao·2025-11-07 21:19Core Viewpoint - The announcement details the upcoming listing and circulation of 129,835,000 restricted shares of Yongxi Electronics (Ningbo) Co., Ltd., which will be available for trading starting November 17, 2025, following the expiration of the lock-up period [2][3][19]. Summary by Sections Listing Details - The total number of shares to be listed is 129,835,000, which represents 31.63% of the company's total share capital as of the announcement date [5][19]. - The shares are part of the initial public offering (IPO) and will be available for trading after a 36-month lock-up period [5][19]. Share Capital Changes - After the IPO, the total share capital of the company was 407,660,000 shares, consisting of 362,074,866 restricted shares and 45,585,134 unrestricted shares [4][6]. - The company has undergone several changes in share capital due to stock incentive plans, with the total share capital increasing to 41,048,303 shares as of September 2025 [8][9]. Commitments from Shareholders - The controlling shareholder, Yongshunxin, and other significant shareholders have committed to not transferring or managing their shares for 36 months post-IPO, with automatic extensions if certain price conditions are met [10][12][16]. - These commitments are in line with regulatory requirements and are aimed at ensuring market stability [10][12][16]. Compliance and Verification - The underwriter, Ping An Securities Co., Ltd., has verified that the shareholders have adhered to their commitments regarding the lock-up period and share circulation [19]. - The announcement confirms that there are no fund occupation issues by the controlling shareholder or related parties [18].