Certain A Shares of Hengda New Materials Co.,Ltd are subject to a Lock-Up Agreement Ending on 8-FEB-2022.
February 07, 2022
Share
Certain A Shares of Hengda New Materials (Fujian) Co.,Ltd are subject to a Lock-Up Agreement Ending on 8-FEB-2022. These A Shares will be under lockup for 372 days starting from 1-FEB-2021 to 8-FEB-2022.
Details:
The Company’s holding shareholder and actual controller Lin Zhenghua and actual controller Chen Liqin committed that they will 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company’s shareholders Putian Heng’er Dazhi Investment Partnership Enterprise (Limited Partnership), Lin Suyuan, and Chen Lirong committed that they will 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 directors and senior management Lin Zhengxiong and Shen Qunbin, senior management Zheng Zhitong, and supervisors Huang Fusheng and Huang Qingshan committed that they will 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company’s shareholder Putian Hushan Lanshui Investment Partnership Enterprise (Limited Partnership) committed that they will 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.
Hengerda New Materials Fujian Co Ltd, formerly Hengda New Materials Fujian Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of metal cutting tools and supporting intelligent computer numerical control (CNC) equipment. The Company's main products include metal cutting tools and supporting intelligent CNC equipment. The metal cutting tools include die cutting tools, sawing tools and trimming tools. The supporting intelligent CNC equipment mainly includes CNC automatic circular sawing machine, flexible material intelligent cutting machine and high-speed numerically controlled band sawing machine. Its products are mainly used in light industry, equipment manufacturing, building materials, automobiles, electronic information and other industries. The Company mainly conducts its businesses in the domestic market.
HENGERDA NEW MATERIALS (FUJIAN) CO., LTD. 
