HIPINE (02583.HK) controlling, substantial shareholders pledge no H-share cuts for 12 months

NewTimeSpace News: Shenzhen Hipine Precision Technology Co., Ltd. (HIPINE, 02583.HK) voluntarily announced that its controlling shareholders Li Yongzhong, Hu Shaohua, Li Shuo and Li Linmao, and substantial shareholder Putian Jinyingu Investment Development Co., Ltd. (Jinyingu Investment), have given a voluntary no-reduction undertaking not to reduce their H-share holdings, directly or indirectly, in any manner within 12 months from the announcement date.

As of the announcement date, Li Yongzhong, Hu Shaohua, Li Shuo and Li Linmao held 9,900,833, 6,600,000, 6,600,000 and 6,500,000 H shares respectively, totalling 29,600,833 H shares, about 50.32% of the total issued shares; Jinyingu Investment held 9,645,000 H shares, about 16.40%. Together, the controlling shareholders and Jinyingu Investment held 39,245,833 H shares, about 66.72%.

The company said the original 12-month lock-up from the listing date expired on 29 September 2026. The no-reduction undertaking is an additional voluntary commitment that does not replace or impair any existing lock-ups or restrictions. The board believes the undertaking reflects the shareholders' recognition of the company's long-term value and is in the interests of the company and all shareholders.