Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "Sponsor") as the continuous sponsor of Shanghai Yutian Guanjia Technology Co., Ltd. (hereinafter referred to as "Yutian Guanjia" or "Company"), conducted a review of the listing and circulation of certain pre-IPO shares and strategic placement shares in accordance with relevant regulations including the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and the Management Measures for the Sponsorship of Securities Issuance and Listing.
I. Overview of the Initial Public Offering Shares
According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2024] No. 1581), the company will publicly issue 21,958,700 new shares, which will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market on March 3, 2025. Before the IPO, the total share capital of the company was 65,876,072 shares, and after the IPO, it will be 87,834,772 shares. Among these, the number of shares with circulation restrictions or lock-up arrangements is 70,972,849 shares, accounting for 80.8027% of the total share capital after issuance; the number of unrestricted circulating shares and shares with lock-up arrangements is 16,861,923 shares, accounting for 19.1973%. On September 4, 2025, the company will lift the lock-up on 896,285 shares from the offline placement of the IPO, as detailed in the company's announcement on the Giant Tide Information Network (Announcement No.: 2025-038). As of the date of this announcement, the total share capital of the company is 87,834,772 shares, of which the number of restricted shares is 70,076,564 shares, accounting for 79.7823%; the number of unrestricted shares is 1,775,820.8 shares, accounting for 20.2177%. The shares being listed for circulation are part of the pre-IPO shares and strategic placement shares, totaling 13,070,451 shares, accounting for 14.8807% of the company's total share capital, with a lock-up period of 12 months from the date of the IPO listing, which will end on March 3, 2026. Since the company's listing, there have been no changes in the number of shares due to issuance, repurchase, or distribution of stock dividends.
II. Compliance of Shareholders in Lifting Lock-Up
A total of 8 shareholders are applying for the lifting of the lock-up, including Shanghai SAIC Hengxu Investment Management Co., Ltd. - Jiaxing Jun Tong Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Jiaxing Jun Tong"), Beijing-Tianjin-Hebei Industrial Collaborative Development Investment Fund (Limited Partnership) (hereinafter referred to as "Jingjinji Fund"), Zhong Jiaming, Shanghai Nanhongqiao Investment Management Co., Ltd. - Jiaxing Hongjia Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Jiaxing Hongjia"), Zhang Jian, Guotai Junan Securities Asset Management - China Merchants Bank - Guotai Junan Junxiang Growth Enterprise Market Yutian Guanjia No. 1 Strategic Placement Asset Management Plan (hereinafter referred to as "Junxiang No. 1 Asset Management Plan"), Guangzhou Yingpeng Private Fund Management Co., Ltd. - Guangdong Guangqi No. 7 Equity Investment Partnership (Limited Partnership), and Southern Industrial Asset Management Co., Ltd. The commitments made by the shareholders applying for the lifting of the lock-up in the IPO prospectus and listing announcement are as follows: