Certain A Shares of China Leadshine Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-APR-2021.
April 07, 2021
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Certain A Shares of China Leadshine Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-APR-2021. These A Shares will be under lockup for 372 days starting from 1-APR-2020 to 8-APR-2021.
Details:
The company's controlling shareholder and actual controller, Li Weiping, and his concerted action party, Shi Huimin, Li Weixing, Shi Huipeng, Li Chengsheng, Shi Huihong and the company's actual controlled, Shenzhen Leadshine Industry Development Co., Ltd. committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company's share listing date. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.
The directors and managing personnel Hu Xinwu, Yang Liwang, Tian Tiansheng, Wang Fangzhong, supervisor Huang Guixiang and Shareholders Leadshine Investments Co., Ltd., Leadshine Zhicheng Investments Co., Ltd., Ji Kangwei and other 25 shareholders committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company's share listing date. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.
ChinaLeadshine Technology Co Ltd is a China-based company mainly engaged in intelligent manufacturing equipment business. The Company focuses on providing motion control core components and industry motion control solutions for the intelligent manufacturing equipment industry. The Company is mainly engaged in the research, development, manufacturing and sales of motion control core components controllers, drivers, motors, and the research and development of related industry application systems, providing customers with complete motion control products and solutions. The products cover the main fields of motion control. The Company distributes its products within domestic market and to overseas markets.