China - about 30 companies gave a commitment that they "will not sell shares"

Shanghai Securities News reports (via MNI):

• About 30 companies gave a commitment that they "will not sell shares" or "will extend the period of share sales ban" after China's stock market was suspended Monday when a 7% drop on the CSI 300 triggered a new circuit breaker mechanism, the Shanghai Securities News says in a report.
• The move showed investors' confidence in the long-term development of the stock market and the need to stabilize share prices, the report says
• Last year during a summer rout in Chinese stocks, the securities market regulator called on investors with stakes exceeding 5% not to sell their shares for six months, a period which is due to expire this Friday, January 8