Zhengyuan Geomatics announced that its controlling shareholder, China Metallurgical Geology Bureau, has voluntarily extended the lock-up period for its pre-IPO shares by another 12 months to July 30, 2027. The number of restricted shares subject to this extension is 385 million, accounting for 50.03% of the company's total share capital of 770 million shares. This is another proactive extension by the controlling shareholder following the initial 36-month lock-up commitment at the time of the IPO and two previous extensions, reflecting its recognition of the company's long-term value.
Zhengyuan Geomatics Group Co LtdControlling shareholder voluntarily extends lock-up period, signaling confidence in long-term value and reducing near-term selling pressure.