Certain A-Shares of GuangDong GenSho Logistics CO., LTD. are subject to a Lock-Up Agreement Ending on 18-SEP-2020.
September 17, 2020
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Certain A-Shares of GuangDong GenSho Logistics CO., LTD. are subject to a Lock-Up Agreement Ending on 18-SEP-2020. These A-Shares will be under lockup for 1106 days starting from 8-SEP-2017 to 18-SEP-2020.
Details:
The company's holding shareholder Guangzhou Gensho Investment Co., Ltd. and actual controller Yu Jun committed that to not 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 shareholders Zhong Zhiheng, Chen Shan, Shanghai Heyong Business Management Consulting Co., Ltd., Yu Feng, Bohuiyuan Venture Capital Limited Partnership Enterprise, and Shanghai Xuanyao Investment Management Co., Ltd. committed that to not 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.
Guangdong Gensho Logistics Co., Ltd. is a China-based company principally engaged in the provision of integrated logistics services. The Company mainly provides auto parts trunk transportation, distribution, warehousing, quality inspection, processing and packaging services, as well as other integrated services for car manufacturing factories and their suppliers. The Company is also involved in the sales of logistics equipment and insurance agents business. The Company mainly operates its business in the domestic market.