Certain A Shares of InfoVision Optoelectronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-AUG-2023.
August 16, 2023
Share
Certain A Shares of InfoVision Optoelectronics (Kunshan) Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-AUG-2023. These A Shares will be under lockup for 1102 days starting from 10-AUG-2020 to 17-AUG-2023.
Details:
The shareholder, Kunshan Guochuang Investment Group Co., Ltd. has agreed not to dispose off any shares for 36 months since the 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 month from listing, lock-up period will be automatically extended for another 6 months. The actual controller of the issuer Kunshan State-owned Assets Supervision and Administration Commission Office promises within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 month from listing, lock-up period will be automatically extended for another 6 months.
The shareholder, InfoVision Optoelectronics Holdings Limited has agreed not to dispose off any shares for 12 months since the listing date.
InfoVision Optoelectronics Kunshan Co Ltd is a company engaged in research, development, production and sales of thin film transistor liquid crystal displays (TFT-LCD). The Company's products are comprised of notebook computer panels, mobile phone panels, automotive and industrial display panels, as well as other panels. The Company's products are used in automotive display center control panels, automotive rearview mirrors, projectors, refrigerators and other products.