BRETON (01333) has announced that it recently received commitment letters, known as lock-up undertakings, from several of its shareholders.
The shareholders involved are Suzhou Zhongding No. 5 Equity Investment Fund Partnership (Limited Partnership), Suzhou Zhongding No. 5 Qinglan Equity Investment Fund Partnership (Limited Partnership), Guangzhou Naibixin Phase I Venture Capital Fund Partnership (Limited Partnership), Huzhou Qingyun New Journey Equity Investment Partnership (Limited Partnership), Fujian Diquan Equity Investment Partnership (Limited Partnership), Jiaxing Dixin Equity Investment Partnership (Limited Partnership), and Zibo Naying Equity Investment Partnership (Limited Partnership), collectively referred to as the subject shareholders.
Under the lock-up undertakings, up to and including February 28, 2027, these shareholders will not reduce their holdings in any manner, directly or indirectly, of a total of 58.9097 million H shares of the company.
This amount represents approximately 14.95% of the total issued H shares and approximately 13.82% of the total issued shares, excluding treasury shares, as of the date of this announcement.
The board of directors believes that the lock-up undertakings given by these shareholders reflect their confidence in the company's future prospects and long-term value.
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