IMOTIONAUTOTECH(01274): Controlling shareholders and certain senior management voluntarily commit to a lock-up agreement.
Zhixing Automotive Technology (01274) announced that the company received a notice from the company's chairman, chief executive officer, executive director...
IMOTIONAUTOTECH (01274) announces that the company has received a commitment letter from the Chairman, CEO, Executive Director and controlling shareholder of the company, Mr. Song Yang, Executive Director Mr. Li Shuangjiang, and Supervisor and Chairman of the Supervisory Board, Mr. Luo Hong. According to the commitment letter, based on their strong confidence in the long-term value and prospects of the group, they voluntarily commit not to sell any of the company's shares held directly by them for a period of 12 months from February 13, 2025 (i.e. from February 13, 2025 to February 12, 2026, inclusive of both days). As of the date of this announcement, the total number of shares subject to the restriction on sale commitment is 65.9752 million shares, accounting for approximately 28.59% of the company's issued shares.
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