Certain A Shares of Fujian Kuncai Material Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 14-APR-2020.
April 13, 2020
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Certain A Shares of Fujian Kuncai Material Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 14-APR-2020. These A Shares will be under lockup for 1104 days starting from 6-APR-2017 to 14-APR-2020.
Details:
The company's holding shareholder and actual controller Xie Bingkun, close relatives Zheng Qiaorong, Xie Liang, and Xie Bingqi, and shareholder Rongkun Investment (Fujian) Co., Ltd. committed not to transfer or entrust to a third party the company’s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.
The company's other shareholders committed not to transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Fujian Kuncai Material Technology Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of pearlescent pigments. The Companyâs main business is involved in the research, development, manufacture and sales of natural mica based pearlescent pigments, synthetic mica based pearlescent pigments, glass substrate based pearlescent pigments and other pearlescent pigments. The Companyâs products have been applied into different industries including coatings, plastics, motor vehicle, cosmetics and leather, among others.