On the lock-up expiry date of Zhipu Cornerstone, nearly 70% of its cornerstone investors have committed to long-term holdings.

According to Securities Times, Hong Kong-listed Zhipu has received clear commitments from multiple institutional investors that they remain bullish on its long-term prospects and will continue holding its shares as its cornerstone investors’ lock-up period approaches. JSC International Investment Fund SPC stated that, based on its long-term optimism about the company’s future development trajectory, it is willing to maintain its holdings. Per public information, the core state-owned capital investors behind the funds it manages include the Beijing Artificial Intelligence Industry Investment Fund, Beijing Jingneng Green Energy M&A Investment Fund, Beijing Information Industry Development Investment Fund, and Beijing Zhongguancun Science City Phase III Technology Growth Equity Investment Partnership. Professional market-oriented investment institutions WT Asset Management and Optimas Capital Limited, as well as Lingyun Light Technology Co., Ltd. — an early shareholder and cornerstone investor of Zhipu — have also successively stated they will continue holding the company’s shares; any future share reduction plans will be executed in an orderly manner. The combined shareholding of the institutions that made simultaneous commitments accounts for nearly 70% of the cornerstone shares subject to this lock-up expiration, covering national strategic capital, local government industrial guidance funds, large state-owned enterprise industrial funds, and professional market-oriented investment institutions.