HK Stock Market Move | GUOXIA TECH(02655) rose more than 6% during intraday trading. Cornerstone investors voluntarily commit to extending the lock-up period.

GUOXIA TECH (02655) rose more than 6% during the trading day, and at the time of writing, it was up 5.97% at HK$18.65, with a transaction volume of HK$26.8134 million. On the news front, on June 12th, GUOXIA TECH announced that the board of directors has been informed that in order to demonstrate their firm confidence in the long-term value and future prospects of the company, Wise Harbor Hong Kong Economic Development Limited (the Investor) has voluntarily committed not to dispose of (including but not limited to selling or pledging) any H shares held by them beneficially, directly or indirectly, for a period of 18 months from June 16, 2026. The Investor is a state-owned investment platform set up in Wuxi Huishan Economic Development Zone, and they were a cornerstone investor in the H-share initial public offering of the company. As of the date of this announcement, the total number of restricted shares is 2.699 million H shares, accounting for approximately 0.68% of all H shares issued, and approximately 0.52% of the total issued share capital of the company (excluding treasury shares). The company believes that the extension of the lock-up period reflects the high recognition of the company by the cornerstone investor. With the company's technological advantages in "AI+" energy storage, expanding overseas business layout, and positive long-term development prospects, the cornerstone investor is confident in the company's future development.