Baiya International Group Inc. Announces Partial Waiver of IPO Lock-Up Restriction for Certain Shareholders

Rhea-AI Summary

Baiya International Group (NASDAQ: BIYA), a cloud-based HR technology company, announced that its IPO underwriters Cathay Securities and Revere Securities are partially waiving lock-up restrictions for 2.95 million ordinary shares held by four major shareholders: Datong, Hesheng, Hongfeng, and Yilong International Group. The waiver becomes effective on June 5, 2025, allowing these shares to be sold from that date forward. The lock-up period will remain in effect for the remaining restricted shares from the company's initial public offering of 2.5 million shares. BIYA specializes in providing crowdsourcing recruitment and SaaS-enabled HR solutions through its platform.

Positive

• None.

Negative

• Early lock-up waiver for 2.95M shares could lead to increased selling pressure on the stock
• Potential share price dilution as large shareholders may sell their holdings

Shenzhen, China, June 05, 2025 (GLOBE NEWSWIRE) -- Baiya International Group Inc. ("BIYA" or the "Company") (Nasdaq: BIYA), a human resource ("HR") technology company utilizing its cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions, today announced that Cathay Securities, Inc. and Revere Securities LLC, 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 Ltd., Hesheng International Group Ltd., Hongfeng International Group Ltd., and Yilong International Group Ltd.

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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Baiya International Group Inc. ("Baiya")

Baiya has evolved from a job matching service provider into a cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions on the Gongwuyuan Platform to supplement its offline job matching services and started to position itself as a SaaS-enabled HR technology company by introducing its Gongwuyuan Platform in the flexible employment marketplace. Baiya has been and will continue to strategically develop and improve the Gongwuyuan Platform with product features that work together with its traditional offline service model to improve the job matching and HR related services in the flexible employment marketplace.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this press release are "forward-looking statements" as defined under the federal securities laws, including, but not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Forward-looking statements can be identified by terms such as "believe", "plan", "expect", "intend", "should", "seek", "estimate", "will", "aim" and "anticipate", or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the United States Securities and Exchange Commission ("SEC").

For further information, please contact:

Baiya International Group Inc.
Investor Relations Department
Phone: +86 0769-88785888
Email: info@biyainc.com

Investor Relations Inquiries:

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

What is the lock-up waiver announced by Baiya International (BIYA) on June 5, 2025?

Baiya announced a partial waiver of IPO lock-up restrictions for 2.95 million ordinary shares held by four major shareholders, allowing them to sell their shares starting June 5, 2025.

How many shares were included in BIYA's initial public offering?

Baiya International Group's initial public offering consisted of 2.5 million ordinary shares.

Which shareholders are affected by BIYA's lock-up waiver?

The lock-up waiver affects shares held by Datong International Group, Hesheng International Group, Hongfeng International Group, and Yilong International Group.

Who are the underwriters that approved BIYA's lock-up waiver?

The lock-up waiver was approved by the IPO underwriters Cathay Securities, Inc. and Revere Securities LLC.

What is Baiya International Group's main business?

Baiya International Group is an HR technology company that provides cloud-based crowdsourcing recruitment and SaaS-enabled HR solutions through its internet platform.