Certain A Shares of Guangdong South New Media Co.,Ltd are subject to a Lock-Up Agreement Ending on 19-APR-2022.
April 18, 2022
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Certain A Shares of Guangdong South New Media Co.,Ltd are subject to a Lock-Up Agreement Ending on 19-APR-2022. These A Shares will be under lockup for 1097 days starting from 18-APR-2019 to 19-APR-2022.
Details:
The companys controlling shareholder, actual controller Guangdong Radio and Television, Guangdong Southern Media Corporation Ltd., and Radio and Television Technical Center of Guangdong Province have agreed not to dispose off any shares for a period of 36 months from the listing date.
The companys all other shareholders have agreed not to dispose off any shares for a period of 12 months from the listing date.
Guangdong South New Media Co., Ltd. is a China-based company principally involved in new media business. The Company is mainly engaged in Internet Protocol Television (IPTV) and Internet TV businesses, as well as the provision of cable TV network value-added services and province outside private network audio-visual program integrated services. The Company is also engaged in the provision of program event technical services, subway TV technology services and mobile channel technology services. The Company mainly conducts its businesses in domestic market.