GUOXIA TECH Receives Lock-Up Extension Commitment from Cornerstone Investor

Stock News
06/12

GUOXIA TECH (ASX: 02655) has announced that the board has been informed that, to demonstrate its firm confidence in the company's long-term value and future prospects, Wuxi Huishan Economic Development Co., Ltd. (the Investor) has voluntarily undertaken not to dispose of (including but not limited to selling or pledging) any H-shares of the company in which it has beneficial, direct, or indirect ownership during an 18-month period commencing from June 16, 2026.

The Investor is a state-owned investment platform wholly established by the Wuxi Huishan Economic Development Zone and was a cornerstone investor in the company's H-share initial public offering prior to listing.

As of the date of this announcement, the total number of locked-up shares is 2.699 million H-shares, representing approximately 0.68% of the total issued H-shares and about 0.52% of the company's total issued share capital (excluding treasury shares).

The company believes that this extension of the lock-up period fully demonstrates the cornerstone investor's high level of recognition of the company.

Relying on the company's technological advantages in "AI+" energy storage, its continuously expanding overseas business layout, and its positive long-term development prospects, the cornerstone investor has expressed full confidence in the company's future development.

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