Certain Shareholders of Joy Spreader Extend Lock-up Undertakings for 15 months to Demonstrate Their Confidence in the Long-term Development Prospect of the Company
The announcement shows that those shareholders who have voluntarily given the lock-up undertakings include:
(1)ZZN. Ltd., ZZD. Ltd. and Laurence mate. Ltd., being the controlling shareholders of the company, of which ZZN. Ltd. and ZZD. Ltd. are wholly owned by Mr. Zhu Zinan and Mr. Zhang Zhidi, respectively. Laurence mate. Ltd. is owned as to 90% by Mr. Zhu Zinan and 10% by Mr. Zhang Zhidi, respectively. Under the concert party agreement, Mr. Zhu Zinan and Mr. Zhang Zhidi in aggregate hold approximately 42.34% of the shares of the Company as at the date of this announcement.
(2)Shenzhen Nanhai Growth Win-win Limited, NT Balance Capital Ltd., Jiaxing Baozheng Investment Partnership Enterprise (Limited Partnership), DYD Holding. Ltd., Balance Capital Ltd. and Jack Chen. Ltd., holding approximately 5.70%, 5.44%, 4.98%, 4.73%, 3.33%, and 2.64% of the shares of Joy Spreader, respectively, as at the date of this announcement. The aforesaid shareholders in aggregate hold approximately 26.82% of the shares of Joy Spreader as at the date of this announcement.
Joy Spreader was listed on September 23, 2020. The company’s restricted shares have been lifted today after being listed for half a year. On this special day, voluntary lock-up undertakings from the controlling shareholders and several third-party shareholders have shown their confidence in the long-term development prospect of the company as well as the industry of performance-based marketing on new media.
In recent years, benefiting from the rapid development of text-based we-media and short-video platforms, as well as core advantages of its own data and algorithm, Joy Spreader has achieved a high-speed annual average growth of over 80% for consecutive years. The shareholders’ choice to voluntarily lock up their holdings this time has fully demonstrated their high recognition of the investment value of Joy Spreader.
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