Certain A Shares of Guangdong Hongming Intelligent Joint Stock Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-DEC-2023.
December 29, 2023
Share
Certain A Shares of Guangdong Hongming Intelligent Joint Stock Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-DEC-2023. These A Shares will be under lockup for 373 days starting from 22-DEC-2022 to 30-DEC-2023.
Details:
The Company?s actual controllers Jin Jian and Cai Tiehui committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Ouyang Hua committed to not transfer more than 25% of shares held each year.
The Company?s shareholders Ningbo Hanhe Qisong Equity Investment Partnership Enterprise (Limited Partnership) and Ningbo Haode Qisong Equity Investment Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months.
The Company?s shareholder Yuan Xiaoqiang committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.
The Company?s shareholder ShenZhen YUTO Packaging Technology Co., Ltd. committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Guangdong Hongming Intelligent Joint Stock Co Ltd is a China-based company mainly engaged in the research and development, production and sales of special packaging equipment. The Company's main products include various automatic packaging equipment and packaging supporting equipment. The Company's products are mainly used in the production of various high-quality packaging boxes and pulp molding products such as consumer electronics packaging boxes, food, tobacco and wine boxes, medical and health care product boxes, cosmetic boxes, jewelry boxes, gift boxes, clothing boxes and others.