China National Complete Plant Import and Export Corporation announced that, due to the triggering of commitment conditions, the lock-up period for 13.5356 million shares held by the transaction counterparty China National Technical Import and Export Corporation has been automatically extended by six months on top of the original 36 months. The company previously issued shares to China National Technical Import and Export Corporation to purchase assets, at an issue price of 11.19 yuan per share. The new shares were registered on March 24, 2026, with the original lock-up period running until March 23, 2029. According to the commitment, if the company's stock closing price falls below the issue price for 20 consecutive trading days within six months after the transaction is completed, the lock-up period will be automatically extended by at least six months, and this scenario has now occurred. As a result, the lock-up period has been changed to run from March 24, 2026, to September 23, 2029.
China National Complete Plant Import & Export Corp LtdLock-up extension signals stock price below issue price, potentially negative for share liquidity and sentiment.