HANXBIO-B (03378) has announced that the lock-up periods for its controlling shareholders, pre-IPO investors, and cornerstone investors are set to expire on December 22, 2026, and June 22, 2026, respectively.
The company has received notifications from all of its controlling shareholders, who have pledged not to reduce their respective shareholdings in any manner for an extended lock-up period of 12 months following the original expiry date.
Additionally, the company has received notifications from certain pre-IPO shareholders and cornerstone investors. Some pre-IPO shareholders have committed to a 6-month extension of their lock-up period, while certain cornerstone investors have committed to a 7-month extension, both effective from the original expiry dates, during which they will not reduce their respective shareholdings.
The company views these voluntary extensions as a demonstration of the aforementioned shareholders' confidence in its future prospects, core technological capabilities, and long-term value. These shareholders will continue to review the company's performance and may consider further extensions based on its business development.
The specific details regarding the shareholdings and extended lock-up arrangements for the aforementioned shareholders are as follows:
I) CAI ZHANG BIOTECHNOLOGY (HANGZHOU) CO., LTD (holding 55.3 million shares), WUHAN HANXITAI MANAGEMENT CONSULTING PARTNERSHIP (L.P.) (holding 3.045 million shares), and HANXI BIOPHARMACEUTICAL (HONG KONG) CO., LIMITED (holding 17.7936 million shares) have all committed not to reduce their shareholdings from the original lock-up expiry date until December 22, 2027 (inclusive).
II) BEIJING LONGPAN BIOPHARMACEUTICAL VENTURE CAPITAL CENTER (L.P.) (holding 12.8605 million shares), BETA PHARMA INC. (holding 6.4302 million shares), HANGZHOU TAIKUN EQUITY INVESTMENT FUND PARTNERSHIP (L.P.) (holding 2.562 million shares), TIBET LONGPAN SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT FUND EQUITY INVESTMENT PARTNERSHIP (L.P.) (holding 1.1956 million shares), HAINAN YANGTZE INVESTMENT CO., LTD. (holding 1.024 million shares), YANGTZE INVESTMENT (HK) LIMITED (holding 779,940 shares), and LAPAM CAPITAL HK CO., LIMITED (holding 596,000 shares) have all committed not to reduce their shareholdings from the original lock-up expiry date until June 22, 2027 (inclusive).
III) CHUNLEI CAPITAL LIMITED (holding 125,000 shares) has committed not to reduce its shareholding from the original lock-up expiry date until January 22, 2027 (inclusive).
IV) The ultimate client (Kun Yang) of GUOTAI JUNAN SECURITIES INVESTMENT (HONG KONG) LIMITED (holding 343,700 shares), namely the Kun Yang New Pattern No. 1 Private Securities Investment Fund, has committed not to reduce its shareholding from the original lock-up expiry date until January 22, 2027 (inclusive).
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