Shang Hai Zheng Quan Bao·2026-02-06 19:26Core Viewpoint - The announcement details the upcoming listing and circulation of restricted shares for Longxun Semiconductor (Hefei) Co., Ltd., with a total of 58,934,368 shares set to be released on February 24, 2026, following a 36-month lock-up period since the company's initial public offering [2][4][5]. Group 1: Listing Details - The total number of shares to be listed is 58,934,368, which represents 44.20% of the company's total share capital [19]. - The shares will be available for trading starting on February 24, 2026, due to the non-trading day on February 21, 2026 [4][19]. - The shares being released are part of the initial public offering and have been under a lock-up period of 36 months [5][19]. Group 2: Share Capital Changes - The company initially issued 17,314,716 shares during its IPO, resulting in a total share capital of 69,258,862 shares [5][6]. - Following the issuance of restricted stock and other equity distributions, the total share capital has increased to 132,704,525 shares as of April 2025 [8][9]. - The company has undergone several changes in share capital due to stock incentives and equity distributions since its IPO [6][7][8][9]. Group 3: Shareholder Commitments - The actual controller, Feng Chen, and related parties have committed to a 36-month lock-up period for their shares, during which they will not transfer or manage their shares [10][11]. - If the stock price falls below the IPO price within six months post-listing, the lock-up period will automatically extend by an additional six months [10][11]. - The commitments made by shareholders are irrevocable and will remain in effect regardless of any changes in their positions within the company [14][16]. Group 4: Regulatory Compliance - The underwriting institution, China International Capital Corporation, has confirmed that the shareholders have adhered to their commitments regarding the restricted shares [18]. - The listing and circulation of the restricted shares comply with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [18].