Certain A Shares of Guangdong PAK Corporation Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-MAR-2020.
March 16, 2020
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Certain A Shares of Guangdong PAK Corporation Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-MAR-2020. These A Shares will be under lockup for 1097 days starting from 16-MAR-2017 to 17-MAR-2020.
Details:
The company’s holding shareholder, actual controller Zhang Yutao, Zhang Xianqing, Lin Yan, Chen Songhui committed within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
The company’s shareholders Zhuhai Guangfa Xinde Houyuan Investment Enterprise (Limited Partnership), Wang Zhanhong, Huang Jianzhong, Huang Weijian, Liu Yanchun committed within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Guangdong PAK Corporation Co Ltd is a China-based company mainly engages in the research and development, production and sales of light-emitting diode (LED) lighting fixtures, lighting sources and lighting control products, and provides customers with comprehensive lighting solutions and related professional services. The Company's main products include two categories: LED lighting products and lighting control and other products. LED lighting products include light source products such as bulbs, straight tube lamps, soft light strips, downlights, spotlights, street lights, fire emergency lights, garden lights, as well as various lamps such as light panels and brackets. The Company's lighting products are used in residential, office buildings, hotels, subways, other buildings and outdoor landscape lighting. Lighting control and other products include switches, sockets, ventilators, bathroom heaters, coolers, low-voltage electrical appliances and others.