HK Stock Market Move | MOKINGRAN (02585) has risen by over 14% recently and has received commitments from its controlling shareholder and several independent shareholders not to reduce their holdings.

MOKINGRAN (02585) surged by over 14%, with a cumulative increase of over 60% in the past five trading days. As of the time of this report, it rose by 13.97% to HK$20.4, with a turnover of HK$7.9786 million. On the news front, MOKINGRAN announced that the Board of Directors recently received voluntary commitments from the company's controlling shareholders and ultimate controlling individuals Mr. Wang Zhongshan and Ms. Zhang Xiuqin (who together hold (or are deemed to hold equity) about 151 million H shares of the Company), as well as four independent shareholders (who have no connection with Mr. Wang Zhongshan, Ms. Zhang Xiuqin or any other related parties of the Company), namely Haitai Capital (which holds 16.4736 million H shares through Tianjin Haikai Xinchuang Industrial Development Co., Ltd. and Haitai (Hong Kong) Co., Ltd.), Mr. Zhao Duxue (holding 4 million H shares), Ms. Zhang Yizhen (holding 2.3 million H shares), and Mr. Zhang Jianjun (holding 340,000 H shares). The announcement stated that in order to show support for the company and confidence in its development, the above shareholders have voluntarily committed not to sell their respective H shares from July 1, 2026 to March 31, 2027 (except for those who must be released from the voluntary commitment according to relevant applicable laws and regulations). The Board of Directors believes that the above shareholders collectively hold about 174.3 million H shares, exceeding 60% of the total issued share capital of the Company. The voluntary commitment reflects the shareholders' recognition of the company's stable business development and confidence in the company's future prospects.