Workflow
Lock - up extension
icon
Search documents
LZ Technology Holdings Limited Announces Lock-Up Extension by Principal Shareholders
Globenewswireยท 2025-08-13 12:30
Core Points - LZ Technology Holdings Limited has announced an extension of lock-up restrictions for its principal shareholders until August 31, 2026, following the initial public offering in February 2025 [1][2] - The principal shareholders include LZ Digital Technology Holdings Co., Ltd, BJ Tojoy Shared Enterprise Consulting Ltd, Vanshion Investment Group Limited, Youder Investment Group Limited, and Kim Full Investment Company Limited, collectively holding approximately 100% of Class A shares and 96.19% of Class B shares [2] - The lock-up extension indicates continued confidence from the company's founder and core investors as LZMH pursues growth and strategic initiatives [3] Company Overview - LZ Technology Holdings Limited operates in the information technology and advertising sectors in China, focusing on three key verticals: Smart Community, Out-of-Home Advertising, and Local Life [4] - The Smart Community services include intelligent access control and safety management systems installed in thousands of residential communities across China [4] - The Out-of-Home Advertising division provides multi-channel advertising solutions through a network of monitors in approximately 120 cities, utilizing various platforms for ad placements [4] - The Local Life vertical connects businesses with consumers through online promotions, social media marketing, and retail sales [4]