GUOQUAN (02517): Controlling shareholder makes a voluntary lock-up undertaking

GUOQUAN (02517) announces that the Company has received undertaking letters issued by Mr. Yang Mingchao, Mr. Meng Xianjin, Mr. Li Xinhua, GUOQUAN Industrial (Shanghai) Co., Ltd., Shanghai Guoxiaoquan Enterprise Management Center (Limited Partnership), and Shanghai Guoxiaoquan Agricultural Technology Service Center (Limited Partnership), the controlling shareholders of the Company. Pursuant to the undertaking letters, based on their firm confidence in the Company's long-term value and long-term development prospects, Mr. Yang Mingchao, Mr. Meng Xianjin, and Mr. Li Xinhua voluntarily undertake that, for one year from October 13, 2026 (i.e., from October 13, 2026 to October 12, 2027, inclusive of both days), they will not sell in any manner the shares of the Company directly and indirectly held by them through equity or partnership interests. As at the date of this announcement, the total number of shares covered by the undertaking letters is 1,085 million shares, representing approximately 42.76% of the Company's issued share capital (excluding treasury shares and shares repurchased pending cancellation).