MINIEYE (02431) major shareholder Kang Chengheng International voluntarily extended the lock-up period by 9 months.

date
26/08/2025
avatar
GMT Eight
Innovator (02431) announced that on August 26, 2025, the company received a letter from Kang Cheng Heng International to the company...
MINIEYE (02431) announced that on August 26, 2025, the company received a revised voluntary extension commitment letter from Kang Chengheng International. Based on its high recognition of the group's technological strength, business capabilities, team spirit, and long-term optimism for the industry in which the group operates, Kang Chengheng International voluntarily commits to the company under the revised commitment letter: Within 9 months after the expiration of the original lock-up period until March 27, 2026 (inclusive), Kang Chengheng International will directly or indirectly reduce its holdings of no more than 9.3278 million H shares through on-market transactions, representing 30% of the total number of relevant H shares, or approximately 2.29% of the company's issued share capital on the date of this announcement. The above modification is made by Kang Chengheng International considering its own capital needs, but at the same time, Kang Chengheng International reaffirms its long-term optimism and strong recognition of the group. The company believes that the modified commitment by Kang Chengheng International still demonstrates the shareholder's confidence in the group and is beneficial for the company's continued, stable, and healthy development, especially in promoting share liquidity.