Certain A Shares of Guangdong Sanhe Pile Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-FEB-2024.
February 04, 2024
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Certain A Shares of Guangdong Sanhe Pile Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-FEB-2024. These A Shares will be under lockup for 1099 days starting from 1-FEB-2021 to 5-FEB-2024.
Details:
The company?s holding shareholder Guangdong Sanhe Construction Materials Co., Ltd., Actual controllers Wei Zelin, Wei Qiwen, Wei Tingwen, Li Wei, Wei Runlin, Wei Hongwen, Wei Qianwen, Wei Zhilin, Wei Peiwen, Wei Zhiwen, the company?s shareholders Zhongshan Linglan Technology Information Co., Ltd., Zhongshan Dehui Investment Consulting Co., Ltd., Zhongshan Nuorui Investment Co., Ltd., Zhongshan Shouhui Lantian Investment Co., Ltd., Guangdong Fangjian Management Consulting Center (Limited Partnership), Guangdong Jianuo Information Consulting Center (Limited Partnership) and directors, supervisors, management personnel directly or indirectly holding shares in the company, including Wu Yanhong, Yao Guangmin, Wen Wei, Gao Yongheng, Chen Qun, Yang Xiaobing promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
The company?s shareholder Guangdong Yueke Zhenyue No. 1 Equity Investment Partnership Enterprise (Limited Partnership), Yang Yunbo promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Guangdong Sanhe Pile Co Ltd is a China-based company mainly engaged in the precast concrete pile industry. The Company is mainly engaged in the research, development, production and sales of prestressed concrete tubular pile products. The Company's main products are prestressed high strength concrete tubular piles. The Company's products are mainly used in fields such as transportation, industrial projects, municipal engineering and civil construction. The Company mainly conducts business within the domestic market.