LZ Technology Shareholders Extend Lock-Up Restrictions to August 31, 2026.

LZ Technology Holdings Limited, a leading provider of IT and advertising services, announced that its principal shareholders have extended their lock-up restrictions until August 31, 2026. This follows the original 180-day lock-up period established in connection with the company's initial public offering in February 2025. The shareholders participating in the extension hold approximately 100% of Class A and 96.19% of Class B ordinary shares.

LZ Technology Holdings Limited (NASDAQ: LZMH), a leading provider of information technology and advertising services, has announced that its principal shareholders have agreed to extend their lock-up restrictions until August 31, 2026. This extension follows the original 180-day lock-up period established in connection with the company's initial public offering (IPO) in February 2025 [1].

The principal shareholders participating in the extension include LZ Digital Technology Holdings Co., Ltd, BJ Tojoy Shared Enterprise Consulting Ltd, Vanshion Investment Group Limited, Youder Investment Group Limited, and Kim Full Investment Company Limited. Collectively, these shareholders hold approximately 100% of Class A ordinary shares and 96.19% of Class B ordinary shares [1].

Under the terms of the lock-up agreements, these shareholders are prohibited from selling, transferring, or otherwise disposing of the company's ordinary shares, or any securities exercisable for, exchangeable, or convertible into ordinary shares, without the company's prior written consent [1].

This lock-up extension reflects the continued long-term confidence and support of the company's founder and core investor base as LZMH executes on its strategic initiatives and pursues further growth across key markets [1].

"We are grateful to our early investors for their ongoing support and shared commitment to the long-term success of LZMH," said Runzhe Zhang, CEO of LZMH. "This extension provides a strong foundation as we continue to expand our operations and deliver value to shareholders" [1].

The extension of the lock-up period is significant for LZMH, as it removes potential insider selling pressure that typically concerns investors following IPOs. This move creates structural share price support by preventing significant insider selling for an extended period, providing operational stability during a critical growth phase [3].

The timing of this announcement, coming approximately six months after the IPO when the original lock-up would be expiring, appears strategic and proactive, addressing potential investor concerns before they materialize. This governance decision indicates management's focus on long-term value creation rather than short-term liquidity for early investors [3].

References:
[1] https://www.globenewswire.com/news-release/2025/08/13/3132592/0/en/LZ-Technology-Holdings-Limited-Announces-Lock-Up-Extension-by-Principal-Shareholders.html
[3] https://www.stocktitan.net/news/LZMH/lz-technology-holdings-limited-announces-lock-up-extension-by-qn42ce60mcd7.html