MINIEYE (02431) Major Shareholder Kangcheng Heng International Voluntarily Extends Lock-up Period by 9 Months

Stock News
Aug 26

MINIEYE (02431) announced that on August 26, 2025, the company received a modified voluntary extension commitment letter from Kangcheng Heng International. Based on its high recognition of the group's technical strength, business capabilities, and team spirit, as well as its long-term optimism about the industry prospects, Kangcheng Heng International voluntarily committed to the company according to the modified commitment letter: within 9 months after the expiration of the original lock-up period until March 27, 2026 (inclusive), Kangcheng Heng International will reduce its holdings by no more than 9.3278 million H shares directly or indirectly through secondary market on-exchange transactions, representing 30% of the relevant H shares, or approximately 2.29% of the company's total issued shares as of the announcement date. The aforementioned modification takes into account Kangcheng Heng International's own funding requirements, while Kangcheng Heng International reaffirms its long-term optimism and high recognition of the group. The company believes that Kangcheng Heng International's modified commitment still demonstrates the shareholder's confidence in the group and is beneficial to the company's sustainable, stable, and healthy development, particularly in promoting share liquidity.

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