Shangmi Technology-W (06810): Cornerstone Investors Voluntarily Extend Sales Ban

Zhitong Finance App News, Shangmi Technology-W (06810) issued an announcement. The company received a voluntary commitment letter from Cornerstone Investor XINWUTANG CO., LIMITED (“Cornerstone Investor” for short). According to this, the listed Cornerstone investors voluntarily promised the company, based on their firm confidence in the company's future prospects and long-term value, to support the company's long-term business development and overall stability, and extend the ban period of five months from the listing date (including that date) for five months until March 28, 2027 (inclusive).

As of the date of this announcement, the cornerstone investors of the listing held 9.9457 million H shares, accounting for about 3.33% of all issued H shares and about 2.47% of the company's total issued share capital (excluding treasury shares).

The board of directors believes that the voluntary extension of the ban reflects the confidence of investors in the future prospects and long-term value of the company in the cornerstone of the listing.