Certain A Shares of Zhejiang Changhua Auto Parts Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-SEP-2023.
September 28, 2023
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Certain A Shares of Zhejiang Changhua Auto Parts Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-SEP-2023. These A Shares will be under lockup for 1103 days starting from 21-SEP-2020 to 29-SEP-2023.
Details:
The company actual controllers Wang Changtu, Wang Qing promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares directly and indirectly held in the company prior to this issuance, nor allow the company to acquire the said shares
The company shareholder Ningbo Changhong Equity Investment Partnership Enterprise (Limited Partnership), Ningbo Jiu?er Investment Partnership Enterprise (Limited Partnership), promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares directly and indirectly held in the company prior to this issuance, nor allow the company to acquire the said shares.
Aside from actual controller, all directors, supervisors and senior management indirectly holding shares in the company prior to this issuance, promised that within 12 months after the listing date, will not transfer nor entrust to others for management the shares directly and indirectly held in the company prior to this issuance, nor allow the company to acquire the said shares.
Changhua Holding Group Co Ltd, formerly Zhejiang Changhua Auto Parts Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of automotive metal parts. The Company mainly provides three categories of products including fasteners, stamping and welding parts and large aluminum castings. Fastener products mainly include three categories: bolts, nuts, and special-shaped parts, which are used in three electrical systems, engine systems, suspension systems, steering systems and others. The field of stamping and welding integrated parts mainly includes reinforced sunroof assemblies in the body field, instrument assemblies, trunk partition assemblies and others. The Company is also engaged in the manufacturing of large-scale stamping and welding parts and has expanded into new areas such as nut plates, stamped aluminum parts, and aluminum joints.