Certain A Shares of Beijing Huafeng Test & Control Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-FEB-2023.
February 17, 2023
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Certain A Shares of Beijing Huafeng Test & Control Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-FEB-2023. These A Shares will be under lockup for 1104 days starting from 10-FEB-2020 to 18-FEB-2023.
Details:
The shareholders, actual controller and Tianjin Xinhua Investment Holding Co., Ltd. have agreed not to dispose off any shares for 36 months from the listing date. 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 months from listing, lock-up period will be automatically extended for another 6 months.
The shareholder, Shenzhen Xinrui Venture Capital Partnership Enterprise (Limited Partnership) has agreed not to dispose off any shares for 36 months from the date of obtaining these shares.
The other shareholders, Directors, supervisors, senior management, and core technical personnel have agreed not to dispose off any shares for 12 months from the listing date.
Beijing Huafeng Test & Control Technology Co., Ltd. is a Chinea-based company mainly engaged in semiconductor business. The Company's main business is the research and development, production and sales of semiconductor automated test systems. The products are mainly used for testing of analog and mixed-signal integrated circuits, and sales area covers China, Taiwan, the United States, Europe, Japan, South Korea and other countries and regions where the global semiconductor industry is developed.
BEIJING HUAFENG TEST & CONTROL TECHNOLOGY CO.,LTD. 
