Kiwi Instruments(SH:688045) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-13 05:17Core Viewpoint - Shenzhen Biyimi Microelectronics Co., Ltd. is set to list 32,142,750 restricted shares for public trading on November 26, 2025, marking the end of a 36-month lock-up period for these shares [4][20]. Group 1: Stock Listing Details - The total number of shares to be listed is 32,142,750, which represents 46.02% of the company's total share capital [20]. - The shares being released are part of the company's initial public offering (IPO) and were subject to a lock-up period that has now been extended by an additional 6 months due to specific commitments [5][20]. - The original total share capital before the IPO was 51,786,639 shares, which increased to 69,048,939 shares post-IPO [5]. Group 2: Shareholder Commitments - Major shareholders, including the controlling shareholder and actual controller, have made commitments regarding the transfer and management of their shares during the lock-up period [7][11]. - These commitments include not transferring or managing shares for 36 months post-IPO and extending the lock-up period if the stock price falls below the IPO price [8][11]. - Shareholders are also required to disclose control arrangements and ensure stable operations of the company if they decide to reduce their holdings after the lock-up period [9][11]. Group 3: Regulatory Compliance - The company has confirmed that there are no instances of fund occupation by the controlling shareholder or related parties [17]. - The sponsor has verified that the application for the release of restricted shares complies with relevant laws and regulations, and that shareholders have adhered to their commitments [18][19].