Qingsong Health has announced that its board of directors has been notified by the company's ultimate controlling shareholder, founder, chairperson, executive director, and chief executive officer, Ms. Yang Yin. Ms. Yang has expressed her full confidence in the company's future development and, in addition to complying with the requirements of Listing Rule 10.07, has voluntarily pledged to the company to extend the original lock-up period until January 1, 2027.
Prior to the expiration of this lock-up period, Ms. Yang Yin has committed not to sell, nor enter into any agreement to sell, or otherwise create any options, rights, interests, or encumbrances over any of the following shares she beneficially owns: (1) the 43,038,800 shares held by QingSongChou Holdings Corporation, a company wholly controlled by her; and (2) any shares potentially acquired through the exercise of options granted to her under the company's share incentive plans. This includes up to 4,287,180 related shares potentially obtainable through options granted under the company's pre-IPO share option scheme.
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