LZ Technology shareholders extend lock-up period to August 2026

HUZHOU CITY, China - LZ Technology Holdings Limited (NASDAQ:LZMH) announced Wednesday that its principal shareholders have agreed to extend their lock-up restrictions until August 31, 2026, following the original 180-day lock-up period established after the company’s February 2025 initial public offering. The stock, currently trading at $2.98, has experienced significant volatility, with InvestingPro data showing a 40.4% decline over the past six months.

The agreement involves five principal shareholders: 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. These shareholders collectively hold approximately 100% of LZMH’s issued and outstanding Class A ordinary shares and 96.19% of its Class B ordinary shares.

Under the terms of the lock-up agreements, the shareholders are prohibited from selling, transferring or otherwise disposing of the company’s ordinary shares without prior written consent from LZMH.

"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, in the press release statement. The company has demonstrated growth potential with revenue reaching $112.7 million in the last twelve months, showing a 44.6% year-over-year increase.

LZ Technology Holdings Limited provides information technology and advertising services through three main business segments: Smart Community, Out-of-Home Advertising, and Local Life. The company operates primarily in China, with its advertising network spanning approximately 120 cities.

The extension of the lock-up period comes approximately six months after the company completed its initial public offering on the Nasdaq exchange.

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