Certain A Shares of Beijing CTJ Information Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-MAY-2023.
May 17, 2023
Share
Certain A Shares of Beijing CTJ Information Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-MAY-2023. These A Shares will be under lockup for 373 days starting from 10-MAY-2022 to 18-MAY-2023.
Details:
The Companyâs holding shareholder GRG Banking Equipment Co., Ltd. and indirect holding shareholder Guangzhou Radio Group Co., Ltd. committed not to transfer or entrust to a third party the Companyâs 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.
The Companyâs shareholders Tianjin Zhongzhi Ruanke Information Technology Center (Limited Partnership), Tianjin Rongshang Liyuan Enterprise Management Consulting Center (Limited Partnership), Heng Fengying, and Tianjin Keding Haoyou Information Technology Center (Limited Partnership) and directors, senior management, and supervisors Heng Fengying, Zhu Ling, Zeng Jicai, Zhu Zhiqun, Ma Xiao, Senior Vice President Zhang Laisheng and Mayi, and Secretary of the Board of Directors Zhang Chi committed not to not transfer or entrust to a third party the Companyâs 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.
Beijing CTJ Information Technology Co Ltd is a China-based company mainly engaged in the provision of comprehensive solutions for smart finance. The Company mainly provides finance, security, service and other overall solutions to customers at all levels of financial departments, financial institutions and administrative institutions. Its main products and services include payment electronic solutions, integrated financial budget management solutions, financial service platforms for budget units, and operation and maintenance services. The Company mainly conducts its businesses in the domestic market.