Certain A Shares of Ganyuan Foods Co., Ltd. are subject to a Lock-Up Agreement Ending on 31-JUL-2021.
July 30, 2021
Share
Certain A Shares of Ganyuan Foods Co., Ltd. are subject to a Lock-Up Agreement Ending on 31-JUL-2021. These A Shares will be under lockup for 368 days starting from 28-JUL-2020 to 31-JUL-2021.
Details:
The company actual controller and controlling shareholder, namely, Yan Binsheng has agreed to lock up restriction for a period of 36 months from the date of listing, after the expiry of the 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 shareholders, namely, Shan Mingde, Yan Haiyan, Lingyu Base Co., Ltd., Mingshi Investments Co., Ltd., Mingwang Investments Co., Ltd and Mingyi Investments Co., Ltd. have agreed to lock up restriction for a period of 12 months from the date of listing, after the expiry of the 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.
Gan Yuan Foods Co Ltd is a company engaged in research and development, production and sales of snack foods. The Company's products consist of three categories. The roasted seeds and nuts products include melon seeds, broad beans, green peas and peanuts; nuts products include walnuts, almonds, pistachios, macadamia nuts and pine nuts; cereal crisp products include rice crisps, rice crackers, twists and rice noodles. The Company sells its products using distribution model, e-commerce model and other models, and the other models mainly include direct sales from shopping malls and supermarkets and entrusted processing.