Breton Technology Co., Ltd. (Breton) announced that its controlling shareholders and persons acting in concert have voluntarily prolonged the lock-up on their holdings by an additional six months beyond the original expiration date of 6 May 2026. The new lock-up period now runs through 6 November 2026.
The original lock-up covered all pre-IPO shares following Breton’s listing in May 2025. Under the newly signed undertakings, the following investors will refrain from any form of disposal of their shareholdings during the extended period: • Shanghai Fang’ao Business Consulting Partnership (Limited Partnership): 84.50 million shares • Mr. Chen Fangming: 31.10 million shares • Shanghai Yunbuluo Yijin Venture Capital Center (Limited Partnership): 2.37 million shares • Mr. Qiu Debo: 3.09 million shares • Ms. Yang Hui: 2.58 million shares
Breton stated that the extension reflects these shareholders’ confidence in the company’s long-term prospects. The parties will continue to monitor the company’s performance and may consider further extensions after 6 November 2026, subject to negotiation and formal documentation.
The company reiterated that shareholders and potential investors should exercise caution when dealing in Breton’s securities and that further announcements will be made if additional lock-up measures are agreed.
Comments