The board of MOKINGRAN (02585) has announced it has received voluntary commitments from its controlling shareholder and several independent investors.
The controlling shareholder and ultimate beneficial owners, Mr. Wang Zhongshan and Ms. Zhang Xiuqin, who collectively hold approximately 151 million H shares, have made this pledge.
Four independent shareholders, who have no connection to Mr. Wang, Ms. Zhang, or other company associates, have also provided the same commitment.
These independent shareholders are Haitai Capital, which holds 16.4736 million H shares, Mr. Zhao Duxue with 4 million shares, Ms. Zhang Yizhen with 2.3 million shares, and Mr. Zhang Jianjun with 340,000 shares.
To demonstrate their support for the company and confidence in its development, these shareholders have each promised not to sell their respective H share holdings during the period from July 1, 2026, to March 31, 2027.
This commitment is voluntary, subject to release only as required by applicable laws and regulations.
The board notes that these shareholders collectively hold about 174.3 million H shares, which exceeds 60% of the company's total issued share capital.
Significance of the Pledge
The board views these voluntary commitments as a reflection of the shareholders' recognition of the company's steady business growth and their confidence in its future prospects.
Company's Strategic Direction
The company stated it will continue to advance its development strategy, accelerating the transformation and upgrade of its main brand.
It will also deepen the implementation of intelligent manufacturing upgrades and comprehensive quality control throughout its processes.
Furthermore, the company plans to strengthen its information technology infrastructure and persistently drive digital and intelligent upgrades.
The company believes that by achieving sustained growth and meeting its long-term development objectives, it can ensure the alignment of its interests with those of its shareholders.
Comments