Certain A Shares of Henan BCCY Environmental Energy Co., Ltd are subject to a Lock-Up Agreement Ending on 17-MAY-2022.
May 16, 2022
Share
Certain A Shares of Henan BCCY Environmental Energy Co., Ltd are subject to a Lock-Up Agreement Ending on 17-MAY-2022. These A Shares will be under lockup for 365 days starting from 17-MAY-2021 to 17-MAY-2022.
Details:
The Companys actual controller Chen Gonghai, Li Na, Companys controlling shareholder Shanghai BCCY Industrial Co., Ltd, Zhengzhou Zhile Venture Enterprise Management Consultancy Co., Ltd promised to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Companys share listing date. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. The Companys shareholders Henan Guokong Internet Industry Venture Capital Fund (Limited Partnership), Henan Zhanxin Industry Investment Fund (Limited Partnership) committed to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Companys share listing date.
The Companys other shareholders apart from those mentioned above committed to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Companys share listing date. The Companys indirect shareholders serving as directors, supervisors, or senior management Han Xu, Li Haifeng, Xin Jing, Zhao Hengyu, Fu Yong committed to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Companys share listing date. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
Henan BCCY Environmental Energy Co Ltd is a China-based company that mainly provides landfill gas treatment services. The Company focuses on the comprehensive utilization of biogas and carbon emission reduction business, by recycling biogas (the main component of methane) to generate electricity while reducing methane emissions to achieve carbon emission reductions. The Company operates within the domestic market.