HIPINE (02583) Controlling and Major Shareholders Pledge Voluntary Lock-Up on Shareholdings

Stock News10-30

HIPINE (02583) announced that, based on a long-term firm conviction in the company's business growth potential, core competitiveness and industry development prospects, and in order to maintain the stability of the company's share price and confidence in the capital market, and to protect the legitimate rights and interests of all shareholders, especially minority shareholders, each controlling shareholder and the major shareholder Jinyingu Investment has made a voluntary lock-up commitment to the company.

During the twelve (12) month period commencing from the date of this announcement, they will not directly or indirectly reduce their holdings of any H shares in any manner.

The board of directors believes that the voluntary lock-up commitment reflects that each controlling shareholder and Jinyingu Investment recognize the group's long-term value and their commitment to the company's sustainable development, which is in the overall interests of the company and all shareholders.

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