Certain A Shares of Huabao Flavours & Fragrances Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-MAR-2021.
March 28, 2021
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Certain A Shares of Huabao Flavours & Fragrances Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-MAR-2021. These A Shares will be under lockup for 1097 days starting from 28-FEB-2018 to 1-MAR-2021.
Details:
The company’s holding shareholder Huafeng International Investment Holding (China) Co., Ltd., shareholder Shanghai Xiangyue Technology Development Co., Ltd. committed that within 36 months after the March 01, 2018, they will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
The company’s actual controller Zhu Linyao committed that within 36 months after the March 01, 2018, he 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.
The company’s shareholders Gongqingcheng Nantu Investment Management Partnership Enterprise (Limited Partnership), Gongqingcheng Dongzheng Tianxin Investment Management Partnership Enterprise (Limited Partnership), Qushui Innovation Development Co., Ltd. Committed that within 36 months after September 29, 2016, and within 12 months after March 01, 2018, they will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
Huabao Flavours & Fragrances Co., Ltd. is a China-based company which is mainly engaged in research and development, manufacture and sales of fragrances. The Company also operates food ingredients business. The Company's fragrances mainly include tobacco fragrances, food fragrances and daily fragrances. The Company's tobacco flavor is mainly used in tobacco, filter rods, cigarette paper and internal backing. The Company's food ingredient products mainly include seasoning powder, seasoning sauce, seasoning oil and liquid compound seasoning. The Company's main brands include Xideng, Huabao, Peacock, Tianhong, Huafang, Aohuada, Amber and others.