Certain A Shares of Arrow Home Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-OCT-2023.
October 20, 2023
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Certain A Shares of Arrow Home Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-OCT-2023. These A Shares will be under lockup for 366 days starting from 20-OCT-2022 to 21-OCT-2023.
Details:
The company?s actual controller Xie Yuerong, Huo Qiujie, Xie Anqi and Xie Wei promised:
Within 36 months after the listing date will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for at least 6 months.
During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
The company?s holding shareholder Foshan Lehua Hengye Industrial Investment Co., Ltd., shareholder controlled by actual controller?s relatives Foshan Huochen Trading Co., Ltd. promised:
Within 36 months after the listing date will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing then the lockup period will automatically be extended for at least 6 months.
Actual controller relatives and director/management personnel Zhen Huihuo, Huo Shaorong promised:
Within 36 months after the listing date will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing then the lockup period will automatically be extended for at least 6 months.
During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Directors, supervisors, management personnel Yan Bangping, Liu Guangren, Yang Weihua, Lu Jinhui, Peng Xiaonei, Huo Zhibiao, Kong Binbin, Chen Xiaoming promised:
Within 12 months after the listing date will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing then the lockup period will automatically be extended for at least 6 months.
During the term of office in the company the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Arrow Home Group Co Ltd is a China-based company mainly engaged in the research and development, production, sales and service of home furnishing products. The Company's products can be mainly divided into seven categories, including sanitary ceramics, faucet hardware, bathroom furniture, ceramic tiles, bathtub bathrooms, custom cabinets and wardrobes and others. The usage scenarios of its products include bathroom space, kitchen space, living room space, balcony space and other home living places, as well as office buildings, hospitals, schools, stations, scenic spots and other public places. The Company's main product brands include ARROW, FAENZA and ANNWA. The Company operates its business primarily in the domestic market.