INNOSCIENCE (02577): Chairman Weiwei Luo Voluntarily Commits to Lock-up Undertaking

Stock News01-22

INNOSCIENCE (02577) announced that the company has received a letter of undertaking from Dr. Weiwei Luo, the company's Chairman, Executive Director, and a member of the controlling shareholder group. According to the lock-up commitment, Dr. Weiwei Luo will not reduce his holdings of 154.7 million company shares beneficially owned by him (including 77.3528 million domestic unlisted shares and 77.3528 million H-shares) for a period of 12 months commencing from January 22, 2026. This voluntary lock-up undertaking is based on Dr. Weiwei Luo's confidence in the company's future development and his full recognition of its long-term investment value. The company firmly believes that, against the backdrop of global energy structure transformation and revolutionary improvements in energy efficiency, gallium nitride power chips, with their exceptional characteristics of high frequency, high efficiency, and high power density, will play a disruptive role in key areas such as new energy vehicles, data centers, industrial energy storage, humanoid robots, and consumer electronics, presenting extremely broad market prospects; Dr. Weiwei Luo's lock-up commitment will be conducive to the company's sustained, stable, and healthy development.

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