Sunmi Tech-W's Cornerstone Investor Extends Lock-Up Period Voluntarily

Stock News
Aug 07

Sunmi Tech-W (06810) has announced that it received a voluntary commitment letter from its cornerstone investor, XINWUTANG CO., LIMITED, expressing strong confidence in the company's future prospects and long-term value.

To support the company's long-term business development and overall stability, the investor has voluntarily agreed to extend the original six-month lock-up period, which began on the listing date, by an additional five months, now lasting until March 28, 2027, inclusive.

As of the announcement date, the cornerstone investor holds 9.9457 million H-shares, representing approximately 3.33% of all issued H-shares and about 2.47% of the company's total issued share capital, excluding treasury shares.

Sunmi Tech-W's board of directors believes that this voluntary extension of the lock-up commitment reflects the cornerstone investor's confidence in the company's future prospects and long-term value.

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