In a move demonstrating confidence in the company's long-term value and future prospects, SEYOND (ASX: 02665) announced that key members of its management have voluntarily extended their share lock-up commitments.
The company stated this action reflects the management's support for the group's sustained, stable, and healthy development. The individuals involved, collectively referred to as the "relevant management members," have each signed a voluntary undertaking in favor of the company.
This commitment binds them not to sell any shares they directly or indirectly hold, or will hold, in the company during the period up to December 9, 2026. The group includes Chairman of the Board, CEO and Executive Director Junwei Bao; Executive Director Yimin Li; Vice President of Software Engineering Zheng Yang; and Chief Financial Officer Yuan Yao.
As of the announcement date, the shareholdings of these individuals are as follows: Mr. Bao indirectly holds a total of 172,154,993 shares, representing approximately 13.25% of the total issued shares. Mr. Li directly holds 22,953,996 shares, representing about 1.77%. Mr. Yang directly holds 6,983,543 shares and indirectly holds 4,680,454 shares, totaling roughly 0.90%. Mr. Yao has been granted Restricted Share Units under the company's share plan.
The shares described for Messrs. Bao, Li, and Yang represent all shares beneficially owned by the relevant management members at the announcement date, excluding any unexercised share options and any unvested/unissued Restricted Share Units. These holdings total 206,772,986 shares, collectively accounting for approximately 15.92% of the total issued shares.
Furthermore, each relevant management member has committed to the company that during the extended lock-up period, they will not sell any shares received upon the exercise of any share options or the vesting of any Restricted Share Units granted to them under the company's share plan.
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