The Zhitong Finance App learned that Shangmi Technology-W (06810) rose more than 6%. As of press release, it had risen 5.74% to HK$64.5, with a turnover of HK$469.312 million.

According to the news, recently, Shangmi Technology-W issued an announcement, and the company received the cornerstone investor XINWUTANG CO. , a voluntary commitment letter issued by LIMITED (“Cornerstone Investor” for short). According to this, the Cornerstone Investor voluntarily promised the Company that, based on firm confidence in the company's future prospects and long-term value, to support the company's long-term business development and overall stability, the sales ban period originally required to be complied with for six months from the listing date (including that date) will be extended for five months until March 28, 2027 (including that date).

At the same time, the company received a voluntary letter of commitment from the controlling shareholder and founder, Mr. Lin Zhe, promising to voluntarily extend the company's sales ban for another five months from April 28, 2027 to September 28, 2027 (including the same day). The board of directors believes that Mr. Lin Zhe's commitment to voluntarily postpone the sales ban reflects his confidence in the company's future prospects and long-term value.

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