Certain A Shares of Wuxi Chemical Equipment Co., Ltd. are subject to a Lock-Up Agreement Ending on 20-SEP-2023.
September 19, 2023
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Certain A Shares of Wuxi Chemical Equipment Co., Ltd. are subject to a Lock-Up Agreement Ending on 20-SEP-2023. These A Shares will be under lockup for 371 days starting from 14-SEP-2022 to 20-SEP-2023.
Details:
Cao Honghai, the controlling shareholder of the company and its actual controller, promised that within thirty-six months from the date of listing of the company?s shares, he will not transfer or entrust others to manage the shares of the company?s directly and indirectly held Nor will the Company repurchase this part of the shares. Shao Xuefeng and Hui Bing, the natural person shareholders of the company, promised that within 36 months from the date of listing of the shares of the company, he will not transfer or entrust others to manage the shares of the company?s directly and indirectly held Nor will the Company repurchase this part of the shares.
The other shareholders of the company, Suzhou Zhouyuan Jiuding Investment Center (Limited Partnership) and Guolian Kunwu Jiuding (Wuxi) Investment Center (Limited Partnership) promise that within 12 months from the date of listing of the shares of the company, they will not transfer or entrust others to manage the shares of the company?s directly and indirectly held Nor will the Company repurchase this part of the shares.
Wuxi Chemical Equipment Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture, sales and related technical services of metal pressure vessels. The Company's products mainly include heat exchange pressure vessels, reaction pressure vessels, storage pressure vessels, separation pressure vessels, offshore oil and gas installations and other non-standard pressure vessel products. The Company is also engaged in parts sales and other businesses. Its products are mainly used in oil refining and petrochemical, basic chemical, nuclear and solar power generation, high-tech ships and marine engineering and other fields. The Company mainly conducts its businesses in domestic and overseas markets.