Youjiao Innovation (02431): Major shareholders made a commitment to voluntarily extend the sales limit period

According to the Zhitong Finance App, Youjiao Innovation (02431) issued an announcement. The Company recently received promises from the Company's major shareholders and executive directors Liu Guoqing, Yang Guang, Zhou Xiang, Wang Qicheng, and individual shareholders Yan Shengye and Wu Jianxin (such shareholders) not to reduce their holdings in the Company. In view of the expiration of the original sales limit period (original sales limit period) of the Company's H shares and unlisted shares (shares held) held by these shareholders, these shareholders issued a letter of commitment (letter of commitment) to the Company to voluntarily extend the sales restriction period. According to the requirements of applicable regulations such as the Chinese Company Law, the original sales restriction period for shares held by these shareholders is 12 months from the date of listing of the Company and expires on December 27, 2025.

As of the date of this announcement, the Company's major shareholders and executive directors Liu Guoqing, Yang Guang, Zhou Xiang, and Wang Qicheng held a total of 774.887 million shares, accounting for about 18.4164% of the Company's total issued shares; individual shareholders Yan Shengye and Wu Jianxin held 5.9935 million shares and 4.1956 million shares respectively, accounting for approximately 1.4244% and 0.9972% of the Company's total issued shares, respectively.

According to the letter of commitment, these shareholders are based on long-term firm optimism about the company's future development prospects, core technical strength, market business potential and management team cohesion, and in order to maintain the company's stock price stability and capital market confidence, these shareholders protect the legitimate rights and interests of all shareholders of the Company, especially small and medium shareholders:

1. Liu Guoqing, Yang Guang, Zhou Xiang, and Wang Qicheng voluntarily promised to the Company to voluntarily extend the lockdown period for 12 months from the date the original lockdown period expires (December 27, 2025) until December 27, 2026 (including that day). The company's holdings of such shares will not be reduced directly or indirectly in any way during this extended lockdown period;

2. Yan Shengye and Wu Jianxin each voluntarily promised to the Company to voluntarily extend the lockdown period of 5.993,500 shares and 4.1956 million shares held by them for 6 months from the date the original lockdown period expires (December 27, 2025) until June 27, 2026 (inclusive). During this extended lockdown period, such shares will not be directly or indirectly reduced in any way.

The Company believes that such shareholders will further promote the sustainable, stable and healthy development of the Company without reducing their holdings of the Company.