HK Stock Market Move | SUNMI TECH-W (06810) rose over 6% recently, having consecutively secured cornerstone investors and the controlling shareholder's voluntary extension of the lock-up period.

SUNMI TECH-W (06810) rose over 6%, and as of the time of writing, it is up 5.74%, trading at HKD 64.5, with a transaction volume of HKD 46.9312 million. In terms of news, recently, SUNMI TECH-W announced that the company has received a voluntary commitment letter from cornerstone investor XINWUTANG CO., LIMITED (referred to as the "Listing Cornerstone Investor"). According to this letter, the Listing Cornerstone Investor voluntarily commits to extend the originally required six-month lock-up period from the date of listing (including that date) by an additional five months until March 28, 2027 (inclusive), based on a strong confidence in the companys future prospects and long-term value, to support the companys long-term business development and overall stability. At the same time, the company received a voluntary commitment letter from its controlling shareholder and founder, Mr. Lin Zhe, who has committed to voluntarily extend the lock-up commitment for the company by an additional five months from April 28, 2027, to September 28, 2027 (inclusive). The board believes that Mr. Lin Zhe's voluntary extension of the lock-up commitment reflects his confidence in the company's future prospects and long-term value.