Certain A Shares of Chongqing Sulian Plastic Co.,Ltd. are subject to a Lock-Up Agreement Ending on 28-JUN-2024.
June 27, 2024
Share
Certain A Shares of Chongqing Sulian Plastic Co.,Ltd. are subject to a Lock-Up Agreement Ending on 28-JUN-2024. These A Shares will be under lockup for 379 days starting from 15-JUN-2023 to 28-JUN-2024.
Details:
The controlling shareholder and actual controller of the company, Han Zongjun and shareholder who holds more than 5% Mr. Han Xiao, made the following undertaking: Within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 month from listing, lock-up period will be automatically extended for another 6 months.
Company shareholders, Mr. Lin Hua and Mr. Xu Zijing as directors of the company, shareholder Mr. Yang Yi as the company?s supervisor, shareholder Ms. Wang Rongli as the company?s senior management personnel, make the following commitments: "Within 12 months from the date of the issuer?s initial public offering and listing, will not transfer or entrust others to manage the issuer?s direct or indirect holding prior to the public offering The shares of the company already held are not repurchased by the issuer. Within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 month from listing, lock-up period will be automatically extended for another 6 months.
Other shareholders of the company promised that Within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.
Chongqing Sulian Plastic Co Ltd is a China-based company mainly engaged in the design, research and development, production, and sales of automotive fluid pipelines and plastic components. The Company's main business is to provide systematic solutions for media transmission for automotive power systems, braking systems, and new energy vehicle thermal management systems. The Company's main products include fuel pipeline assemblies for power systems, evaporative emission pipeline assemblies, as well as pipeline components such as vacuum brake pipeline assemblies, sunroof drainage pipes, new energy vehicle thermal management system pipeline assemblies, fluid control components and fasteners. The Company mainly conducts its business in the domestic market.