AUNTEA JENNY (02589.HK): Six Shareholders Voluntarily Extend Lock-Up Commitments to November 7, with Aggregate Reduction Cap of 3,684,228 Shares (Approximately 3.50%)

NewTimeSpace News: Auntea Jenny (Shanghai) Industrial Co., Ltd. (stock code: 02589) issued a voluntary announcement on August 9, stating that the Company has received voluntary undertaking letters respectively issued by six shareholders, namely Suzhou Yizhong Venture Capital Partnership (Limited Partnership), Suzhou Xiangzhong Venture Capital Partnership (Limited Partnership), Nanjing Xiangzhong Venture Capital Partnership (Limited Partnership), Zhuhai Jinyiming Equity Investment Fund Partnership (Limited Partnership), Guangzhou Hanlv Venture Capital Partnership (Limited Partnership) and Shanghai Yipu Enterprise Management Co., Ltd. (the "Relevant Shareholders"), pursuant to which the Relevant Shareholders voluntarily undertake that, from the expiry date of the first lock-up extension (August 7, 2026) to November 7, 2026 (inclusive), the number of shares reduced by each of them during the period (if any) will not exceed the specified caps.

Reference is made to the Company's prospectus dated April 28, 2025 and the allotment results announcement dated May 7, 2025, under which the shares held by all pre-IPO shareholders, including the controlling shareholder, were subject to lock-up periods expiring on May 7, 2026 (the "Original Lock-Up Period"); the Relevant Shareholders had previously undertaken not to reduce their shareholdings in any manner from the expiry of the Original Lock-Up Period to August 7, 2026 (the "First Lock-Up Extension").

According to the announcement, the reduction caps for each of the Relevant Shareholders during the new commitment period are: Suzhou Yizhong no more than 1,987,477 shares, Suzhou Xiangzhong no more than 285,001 shares, Nanjing Xiangzhong no more than 71,250 shares, Zhuhai Jinyiming no more than 940,500 shares, Guangzhou Hanlv no more than 250,000 shares and Shanghai Yipu no more than 150,000 shares, with an aggregate reduction cap of no more than 3,684,228 shares, representing approximately 3.50% of the Company's total issued shares as of the date of this announcement. In addition, Shanghai Puhai Enterprise Management Co., Ltd. (holding 47,090,996 shares), Shanghai Senrui Enterprise Management Partnership (Limited Partnership) (18,293,400 shares), Shanghai Yuchao Enterprise Management Partnership (Limited Partnership) (17,210,725 shares), Shanghai Yuyun Enterprise Management Partnership (Limited Partnership) (1,449,978 shares) and Shanghai Yuhong Enterprise Management Partnership (Limited Partnership) (1,449,978 shares) have all undertaken not to reduce their shareholdings in any manner from the expiry of the Original Lock-Up Period to November 7, 2026 (inclusive), and such undertakings remain unchanged.

The Company considers that the lock-up extensions demonstrate the Relevant Shareholders' confidence in the Company's future prospects and long-term value. The Relevant Shareholders will continue to monitor the Company's operating results and may carry out share reduction operations at their discretion, taking into account the Company's business development and overall capital market performance. The Company reminded shareholders and potential investors to exercise caution when dealing in the Company's securities.

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