Certain A Shares of Doright Co.,Ltd. are subject to a Lock-Up Agreement Ending on 4-MAR-2024.
March 03, 2024
Share
Certain A Shares of Doright Co.,Ltd. are subject to a Lock-Up Agreement Ending on 4-MAR-2024. These A Shares will be under lockup for 1102 days starting from 26-FEB-2021 to 4-MAR-2024.
Details:
Controlling shareholder and actual controller Wei Zhenwen has committed that within 36 months after the listing date, it shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. It has also committed that during the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Corporate shareholder Qingdao Defeng Investment Enterprise (Limited Partnership) has committed that within 36 months after the listing date, it shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.
Directors, senior management directly or indirectly holding shares of the company have committed that within 12 months after the listing date, they shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. They have also committed that during the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Supervisors directly or indirectly holding shares of the company have committed that within 12 months after the listing date, they shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. They have also committed that during the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Other shareholders Qingdao Changchunteng Capital Center (Limited Partnership), Shanghai Qingwang Venture Capital Partnership Enterprise (Limited Partnership), Qingdao Qingkong Jinyu Venture Capital Center (Limited Partnership), Ivy Kunshan Industry Investment Center L.P., Qingdao Jingyuan Venture Capital Co., Ltd, Qingdao Gaochuang Qingkong Equity Investment Fund Partnership (L.P.), and Wei Feng have committed that within 12 months after the listing date, they shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Doright Co Ltd is a China-based company mainly engaged in the manufacture of energy saving and environmental protection equipment. Its products include energy-saving heat exchange equipment, powder and other environmental protection equipment and special customized equipment. Its energy-saving heat exchange equipment includes air preheater, waste heat boiler and dryer. Its powder and other environmental protection equipment include wet granulator, low-nitrogen burner, etc. The Company designs and customizes a variety of large-scale and heavy-duty special equipment according to customer needs. The Company also provides equipment parts sales and equipment maintenance and transformation services. Its products and services are used in chemical, energy, metallurgy, solid waste treatment and other fields. The Company conducts its businesses within the China market and to overseas markets such as Asia, Europe, America, Oceania, and Africa.