Baiya International announces partial waiver of IPO lock-up restriction

Baiya International Group (BIYA) announced that Cathay Securities and Revere Securities, the underwriters of the Company’s recent initial public offering of 2,500,000 shares of its ordinary shares, are partially waiving a lock-up restriction with respect to up to 2,950,000 shares of the Company’s ordinary shares held by Datong International Group, Hesheng International Group, Hongfeng International Group, and Yilong International Group. The partial waiver will take effect on June 5, 2025, and the shares may be sold on or after such date, subject to the terms of such waiver. The lock-up period will continue to apply with respect to all remaining shares subject to the lock-up agreements entered with the underwriters of the Company’s initial public offering.