GUOQUAN (02517.HK): Controlling Shareholders Pledge 12-Month Lock-Up
NewTimeSpace News: On 12 October 2026, Guoquan Food (Shanghai) Co., Ltd. (stock code: 02517) voluntarily announced that it received letters of undertaking from its controlling shareholders Mr. Yang Mingchao, Mr. Meng Xianjin and Mr. Li Xinhua, as well as Guoquan Industrial (Shanghai) Co., Ltd., Shanghai Guoxiaoquan Enterprise Management Centre (Limited Partnership) and Shanghai Guoxiaoquan Agricultural Technology Service Centre (Limited Partnership).
Pursuant to the undertakings, based on their confidence in the Company's long-term value and long-term development prospects, Mr. Yang, Mr. Meng and Mr. Li voluntarily undertook that, for one year from 13 October 2026 (that is, from 13 October 2026 to 12 October 2027, inclusive), they will not sell in any manner the shares of the Company they hold directly and indirectly through equity interests or partnership interests.
As at the date of the announcement, the undertakings cover a total of 1,085,348,529 shares, representing approximately 42.76% of the Company's issued share capital, excluding treasury shares and shares repurchased pending cancellation.
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