Certain A Shares of GENERAL Elevator Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-JAN-2022.
January 20, 2022
Share
Certain A Shares of GENERAL Elevator Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-JAN-2022. These A Shares will be under lockup for 371 days starting from 15-JAN-2021 to 21-JAN-2022.
Details:
The Companys holding shareholder Xu Zhiming, actual controllers Xu Zhiming, Mou Yufang, Xu Bin, Xu Jin, person acting in concert Suzhou Jiyi Business Management Partnership Enterprise (Limited Partnership), and the actual controllers relatives who are shareholders Xu Baoyuan, Sun Hairong, Yin Jingen, Sun Feng, and Xu Fangqi committed: to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Companys directors, supervisors, and senior management who are shareholders Zhang Jianlin, Gu Yuejiang, Sun Jianping, and Li Biao committed: to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Companys other shareholders committed: to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
General Elevator Co Ltd is a China-based company principally engaged in the research and development, design, manufacturing, sales, installation, renovation and maintenance of elevators, escalators and moving walk products. The Company provides systematic solutions and renewal solutions for the elevator configuration of various buildings. The Company's products include passenger elevators, sightseeing elevators, hospital elevators, home elevators, freight elevators, car elevators, elevators installed in existing buildings, escalators and moving walkway. The Company mainly distributes its products in the domestic market.