SUNMI TECH-W (06810.HK): Cornerstone Investor XINWUTANG CO., LIMITED Voluntarily Extends Lock-Up Period by Five Months to March 28, 2027

NewTimeSpace News: Shanghai Sunmi Technology Co., Ltd. (stock code: 06810) issued a voluntary announcement on August 7, stating that the Company has received a voluntary undertaking letter from its cornerstone investor, XINWUTANG CO., LIMITED (the "Listing Cornerstone Investor"), who, based on its strong confidence in the Company's future prospects and long-term value, has voluntarily undertaken to extend the original six-month lock-up period by five months to March 28, 2027 (inclusive).

Reference is made to the Company's prospectus dated April 21, 2026 and the allotment results announcement dated April 28, 2026. As disclosed in the prospectus, the offer shares subscribed by the Listing Cornerstone Investor may not be sold, directly or indirectly, at any time during the six-month period commencing from (and including) the listing date, subject to a limited number of exceptions; as disclosed in the allotment results announcement, the last day on which the Listing Cornerstone Investor was subject to the lock-up undertaking was originally October 28, 2026 (inclusive).

According to the announcement, as of the date of this announcement, the Listing Cornerstone Investor holds 9,945,700 H shares, representing approximately 3.33% of all issued H shares and approximately 2.47% of the Company's total issued share capital (excluding treasury shares). The Board considers that the voluntary extension of the lock-up undertaking demonstrates the Listing Cornerstone Investor's confidence in the Company's future prospects and long-term value. The Company reminded shareholders and potential investors to exercise caution when dealing in the Company's securities.

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