MINIEYE (02431) announced that the company recently received commitments from its major shareholders and executive directors Liu Guoping, Yang Guang, Zhou Xiang, and Wang Qicheng, as well as individual shareholders Yan Shengye and Wu Jianxin (collectively, "these shareholders"), regarding not reducing their holdings of the company's shares. Given that the original lock-up period for the company's H-shares and unlisted shares held by these shareholders was set to expire, these shareholders have provided the company with a letter of commitment to voluntarily extend the lock-up period. According to the requirements of applicable regulations such as China's Company Law, the original lock-up period for the shares held by these shareholders was 12 months from the company's listing date and is due to expire on December 27, 2025. As of the date of this announcement, the company's major shareholders and executive directors Liu Guoping, Yang Guang, Zhou Xiang, and Wang Qicheng collectively hold 77.4887 million shares under the commitment letter, representing approximately 18.4164% of the company's total issued shares; individual shareholders Yan Shengye and Wu Jianxin hold 5.9935 million shares and 4.1956 million shares respectively, representing approximately 1.4244% and 0.9972% of the company's total issued shares. According to the commitment letter, based on their long-term firm confidence in the company's future development prospects, core technological strength, market business potential, and the cohesion of the management team, and to maintain the stability of the company's share price and capital market confidence, thereby protecting the legitimate rights and interests of all the company's shareholders, particularly minority shareholders: 1. Liu Guoping, Yang Guang, Zhou Xiang, and Wang Qicheng have voluntarily committed to the company to extend the lock-up period for the aforementioned total of 77.4887 million shares by 12 months from the date the original lock-up period expires (December 27, 2025) until December 27, 2026 (inclusive). During this extended lock-up period, they will not reduce their holdings of these shares in any manner, directly or indirectly; 2. Yan Shengye and Wu Jianxin have each voluntarily committed to the company to extend the lock-up period for their respective holdings of 5.9935 million shares and 4.1956 million shares by 6 months from the date the original lock-up period expires (December 27, 2025) until June 27, 2026 (inclusive). During this extended lock-up period, they will not reduce their holdings of these shares in any manner, directly or indirectly. The company believes that these shareholders not reducing their holdings of the company's shares is conducive to further promoting the company's sustained, stable, and healthy development.
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