Certain A Shares of Hangcha Group Co., Ltd are subject to a Lock-Up Agreement Ending on 27-DEC-2017.
December 26, 2017
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Certain A Shares of Hangcha Group Co., Ltd are subject to a Lock-Up Agreement Ending on 27-DEC-2017. These A Shares will be under lockup for 372 days starting from 20-DEC-2016 to 27-DEC-2017.
Details:
Holding stockholder Zhejiang Hangcha Holding Co., Ltd. and actual controller Chou Jianping committed: Not to transfer nor entrust to a third party the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase the said shares within 36 months from the listing date of the company’s shares.
Hangzhou Industrial Investment Group committed: Not to transfer nor entrust to a third party the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase the said shares within 36 months from the listing date of the company’s shares.
Eleven individual shareholders serving as directors, supervisors and senior management personnel namely Zhao Limin, Wang Yiping, Xu Lida, Chen Saimin, Wang Fuxi, Wang Guoqiang, Cheng Weiqiang, Jin Zhihao, Xu Zhengyu, Jin Huashu and Ren Haihua committed: Not to transfer nor entrust to a third party the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase the said shares within 36 months from the listing date of the company’s shares.
82 individual shareholders not serving as directors, supervisors and senior management personnel including Dai Donghui committed: Not to transfer nor entrust to a third party the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase the said shares within 12 months from the listing date of the company’s shares.
Hangcha Group Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and distribution of forklifts and other industrial vehicles. The Company's products mainly include combustion forklifts, electric forklift and other industrial vehicles. Its products are applied in the fields of manufacture industry, transportation industry, warehousing industry, postal industry, wholesale and retail industry. The Company distributes its products within domestic market and to overseas markets, including Brazil, America, Russia, as well as Southeast Asia, among others.