Golden Arowana announced that its controlling shareholder, Wilmar Hong Kong, has voluntarily extended the lock-up period for its pre-IPO restricted shares by 12 months. The extension covers 4,878,944,439 shares, representing 89.99% of the company's total share capital. The original lock-up expiration date was October 16, 2026, and it has now been extended to October 16, 2027. Wilmar Hong Kong has committed not to transfer or entrust management of these shares during the lock-up period, nor will the company repurchase them. This move is based on confidence in the company's future development prospects.
Yihai Kerry Arawana Holdings Co LtdControlling shareholder voluntarily extends lock-up period, signaling confidence and reducing potential selling pressure.