Certain A Shares of Ningbo Jintian Copper(Group) Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-APR-2024.
April 21, 2024
Share
Certain A Shares of Ningbo Jintian Copper(Group) Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-APR-2024. These A Shares will be under lockup for 1469 days starting from 14-APR-2020 to 22-APR-2024.
Details:
Ningbo Jintian Investment Holdings Co., Ltd., the company's controlling shareholder promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.
The actual controllers Lou Guoqiang, Lou Cheng and the their relative Lou Guojun; Lu Xiaomi, the actual controller of the company and Wang Hongbo, the spouse of Lou Guojun commit that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase.
Lou Jingjing and Lou Yun, the relatives of the actual controller of the company promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.
Yang Jianjun, Wang Yongru, Cao Lisu, Ding Xingchi, Zheng Dundun as company directors and senior managers; Hu Yahong, the spouse of Yang Jianjun, Zhu Xiaofeng, the spouse of Cao Lisu and Zhang Chong, the spouse of Ding Xingchi promised that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.
Ningbo Jintian Copper Group Co Ltd is a China-based company mainly engaged in non-ferrous metal processing business. The Company's main products include copper products and rare earth permanent magnet materials. Its copper products include copper rods, copper strips, copper tubes, copper wires (rows), cathode copper, valves, magnet wires and other products, and are committed to providing comprehensive copper solutions for the development of emerging industries such as 5G communications, new energy vehicles, rail transit, power Internet of Things, clean energy. The Company's rare earth permanent magnet products are used in wind power generation, new energy vehicles, high-efficiency and energy-saving motors, consumer electronics, medical equipment and other fields. The Company conducts business in the Chinese market and overseas markets.