HK Stock Market Move | INNOSCIENCE (02577) opens more than 5%, Chairman Dr. Weiwei Luo voluntarily commits to a lock-up of 1.547 billion company shares.

INNOSCIENCE (02577) opened over 5% higher, and as of the time of writing, it was up 5.46% at 65.7 Hong Kong dollars with a trading volume of 11.3924 million Hong Kong dollars. On the news front, on January 22nd, INNOSCIENCE announced that the company had received a commitment letter from Dr. Weiwei Luo, the chairman and executive director of the company and a member of the controlling shareholder group. According to the lock-up commitment, Dr. Weiwei Luo will not reduce his beneficially held 154.7 million shares of the company (including 77.3528 million domestic unlisted shares and 77.3528 million H shares) for the 12 months after January 22, 2026. The lock-up commitment was made based on Dr. Weiwei Luo's confidence in the future development of the company and his full recognition of its long-term investment value. The company firmly believes that in the context of the global energy structure transition and the revolutionary improvement in energy efficiency, gallium nitride power chips with their outstanding characteristics of high frequency, high efficiency, and high power density will play a disruptive role in key areas such as new energy vehicles, data centers, industrial energy storage, humanoid Siasun Robot & Automation, and consumer electronics. The market prospects are extremely broad, and Dr. Weiwei Luo's lock-up commitment will benefit the company's continuous, stable, and healthy development.