GUOXIA TECH Receives Lock-Up Extension Commitment from Cornerstone Investor

Stock News06-12

GUOXIA TECH (ASX: 02655) has announced that the board has been informed that, to demonstrate its firm confidence in the company's long-term value and future prospects, Wuxi Huishan Economic Development Co., Ltd. (the Investor) has voluntarily undertaken not to dispose of (including but not limited to selling or pledging) any H-shares of the company in which it has beneficial, direct, or indirect ownership during an 18-month period commencing from June 16, 2026.

The Investor is a state-owned investment platform wholly established by the Wuxi Huishan Economic Development Zone and was a cornerstone investor in the company's H-share initial public offering prior to listing.

As of the date of this announcement, the total number of locked-up shares is 2.699 million H-shares, representing approximately 0.68% of the total issued H-shares and about 0.52% of the company's total issued share capital (excluding treasury shares).

The company believes that this extension of the lock-up period fully demonstrates the cornerstone investor's high level of recognition of the company.

Relying on the company's technological advantages in "AI+" energy storage, its continuously expanding overseas business layout, and its positive long-term development prospects, the cornerstone investor has expressed full confidence in the company's future development.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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