An announcement has been issued regarding the lock-up period restrictions on shares held by pre-IPO shareholders, including the controlling shareholder, which was originally set to expire on August 25, 2026.
The company has recently received notifications from several pre-IPO shareholders, including the controlling shareholder. In these notices, they have individually committed not to reduce their respective holdings of a certain number of company shares in any manner for an additional twelve-month period following the original lock-up expiration date.
This extension of the lock-up period is viewed as a demonstration of the shareholders' strong confidence in the company's future prospects and long-term value. It reflects their positive outlook on the global energy storage industry and their belief in the growth potential of the company's AIDC computing center energy storage business.
The company will continue to steadily advance its "one core, two wings" business strategy. This strategy positions the AIDC computing center energy storage segment as the core growth engine, while the company deepens and expands its presence in overseas markets, including North America. The aim is to further capitalize on market opportunities arising from the acceleration of global AIDC infrastructure development and the increasing demand for high-reliability energy storage solutions.
The specific details of the extended lock-up arrangements are as follows: Mr. Yang Shanji (extended lock-up shares: 138 million), SHUANGDENG Investment Management (Shanghai) Co., Ltd. (extended lock-up shares: 109.6 million), Mr. Qian Bingqing (extended lock-up shares: 12 million), Mr. Zhou Yuezhang (extended lock-up shares: 12 million), Mr. Zhu Shiping (extended lock-up shares: 12 million), and Mr. Zhou Ping (extended lock-up shares: 4 million) have each committed not to sell their respective extended lock-up shares in any way from the original lock-up expiry date until August 25, 2027, inclusive.
In total, the number of shares subject to the extended lock-up period is 287.9 million, representing approximately 67.64% of the company's total issued shares as of the date of this announcement.
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