Certain A shares of Beijing Bei Mo Gao Ke Friction Materials Co., Ltd are subject to a Lock-Up Agreement Ending on 29-APR-2021.
April 28, 2021
Share
Certain A shares of Beijing Bei Mo Gao Ke Friction Materials Co., Ltd are subject to a Lock-Up Agreement Ending on 29-APR-2021. These A shares will be under lockup for 374 days starting from 20-APR-2020 to 29-APR-2021.
Details:
Company holding stockholder, actual controller Wang Shumin committed to within 36 months from the listing date of the company’s shares, this person will not transfer nor entrust to a third party shares directly or indirectly held in the company prior to this public offering, 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 by 6 months.
Individual shareholders serving as company directors, supervisors, senior management personnel and core technical staff, namely, Chen Jianfeng, Liu Yang, Zheng Dan, Yan Rongxin, Xia Qingsong, Zhang Qiulai, Li Rongli, Yang Changkun and Xiao Kai, committed to within 12 months from the listing date of the company’s shares, will not transfer nor entrust to a third party shares held in the company, nor allow the company to repurchase the said shares. Individual shareholders Chen Jianfeng, Liu Yang, Zheng Dan, Li Rongli, Yang Changkun, Xiaokai promised 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 by 6 months. 11 institutional shareholders including Yingtan Daoxin Investment Management Co., Ltd., Jiaxing Huakong Equity Investment Fund Partnership Enterprise (Limited Partnership), Huakong Kegong (Ningbo Meishan Free Trade Port Area) Equity Investment Fund Partnership Enterprise (Limited Partnership), and 20 individual shareholders including Gao Kun, Cai Rongjun and Sun Liqiu committed to within 12 months from the listing date of the company’s shares, will not transfer nor entrust to a third party shares held in the company, nor allow the company to repurchase the said shares.
Beijing Bei Mo Gao Ke Friction Material Co Ltd is a company mainly engaged in research, development, manufacturing and sales of brake products. The Company's products and services include aircraft brake control systems and wheels, brake discs (a pair) and others. The aircraft brake control system and wheels comprise of aircraft wheels, brake devices and wheel components. The brake disc (a pair) products include brake discs and friction plates. The other products and services mainly include civil aviation maintenance and supporting services. The Company's products are applied in civilian and military aircrafts, tank armored vehicles, high-speed trains and other areas. It mainly sells its products to the military.