Core Viewpoint - Zhejiang Wehua New Materials Co., Ltd. is set to list 9,450,000 shares of its restricted stock for public trading on February 24, 2026, following the expiration of the lock-up period for certain shareholders [2][4][6]. Group 1: Stock Issuance Details - The company has received approval from the China Securities Regulatory Commission to publicly issue 86,340,000 shares at a price of RMB 17.39 per share, with a par value of RMB 1.00 [5]. - After this issuance, the total share capital of the company will be 345,340,000 shares, with 277,651,509 shares subject to restrictions, accounting for 80.40% of the total, and 67,688,491 shares unrestricted, accounting for 19.60% [5]. Group 2: Lock-up Period and Shareholder Commitments - The restricted shares being listed are part of the initial public offering, with a total of 7 shareholders holding these shares, which represent 2.74% of the company's total share capital [6]. - The lock-up period for these shares was originally 12 months but has been extended by 6 months due to commitments made by the shareholders, totaling 18 months [6]. - Shareholders have committed not to transfer or manage their shares during the lock-up period and have specific conditions for selling shares after the lock-up expires [8][9]. Group 3: Compliance and Verification - The sponsor institution, CITIC Securities Co., Ltd., has verified that the shareholders have adhered to their commitments regarding the lock-up of shares, and the listing of these restricted shares complies with relevant regulations [10].
浙江巍华新材料股份有限公司关于首次公开发行部分限售股上市流通的公告