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The lock-up period for Zhipu’s cornerstone shares is nearing its end, and nearly 70% of the cornerstone shares set to be released have received commitments from institutional investors to continue holding them.
Svmuu News, July 7: As the lock-up period for cornerstone investors in Hong Kong-listed Zhipu nears its end, several institutional investors have explicitly stated that they remain optimistic about the company’s long-term prospects and will continue to hold their shares. JSC International Investment Fund SPC stated that, based on its long-term optimism regarding the company’s future development, it is willing to continue holding its shares; According to public information, the core state-owned investors behind the funds it manages include the Beijing AI Industry Investment Fund, the Beijing Jingneng Green Energy M&A Investment Fund, the Beijing Information Industry Development Investment Fund, and the Beijing Zhongguancun Science City Phase III Technology Growth Equity Investment Partnership. Professional market-oriented investment institutions such as WT Asset Management and Optimas Capital Limited, as well as Zhipu’s early-stage shareholder and cornerstone investor Lingyun Optoelectronics Co., Ltd., have also successively indicated that they will continue to hold the company’s shares; should they have plans to reduce their holdings in the future, such actions will be carried out in an orderly manner. The institutions making these concurrent statements collectively hold nearly 70 percent of the cornerstone shares subject to this lock-up expiration, encompassing national-level strategic capital, local government industrial guidance funds, industrial funds of large state-owned enterprises, and professional market-oriented investment institutions.
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