Certain A Shares of Hiecise Precision Equipment Co.,Ltd. are subject to a Lock-Up Agreement Ending on 4-DEC-2022.
December 03, 2022
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Certain A Shares of Hiecise Precision Equipment Co.,Ltd. are subject to a Lock-Up Agreement Ending on 4-DEC-2022. These A Shares will be under lockup for 1097 days starting from 3-DEC-2019 to 4-DEC-2022.
Details:
The company's holding shareholder, actual controller Cao Yuzhong, Liu Xiangxiong, Zhao Zeming promised that within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company, 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.
SME Development Fund (Jiangsu Limited Partnership), Kunshan Shuang'yu Investment Enterprise (Limited Partnership), other director, management personnel Xu Caiying promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
SME Development Fund (Jiangsu Limited Partnership), Kunshan Shuang'yu Investment Enterprise (Limited Partnership) and other director, management personnel Xu Caiying promised that within 36 months after the completion of the registration modification for obtaining shares in the company, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
Hiecise Precision Equipment Co., Ltd. is a China-based company mainly engaged in machine tool manufacturing. The Company's business includes research, development, manufacture and sales of fully automatic CNC (Computer Numerical Control) roll grinders, and its main products are fully automatic CNC roll grinders. The Company provides full-process services including technology research, development, product design, manufacturing, delivery and installation, maintenance and transformation services. The Company operates its businesses in both domestic and overseas markets.