Certain A Shares of Changshu Automotive Trim Co., Ltd. are subject to a Lock-Up Agreement Ending on 5-JAN-2020.
January 04, 2020
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Certain A Shares of Changshu Automotive Trim Co., Ltd. are subject to a Lock-Up Agreement Ending on 5-JAN-2020. These A Shares will be under lockup for 1104 days starting from 27-DEC-2016 to 5-JAN-2020.
Details:
The Company's shareholder, actual controller, Luo Xiaochun, shareholder and actual controller Wang Weiqing and Changshu Chunquy committed: to 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 other shareholders committed: to 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.
Jiangsu Changshu Automotive Trim Group Co Ltd, formerly Changshu Automotive Trim Co Ltd, is a China-based company and mainly engaged in development and research, manufacture and sales of interior trim for passenger cars. The main products of the Company are door panels, skylights, sunroofs, coat racks, door posts, luggage compartment interiors, storage boxes, spare tire covers, carpets, acoustic cushions, and among others. The main customers of the Company are domestic car manufacturer and auto parts primary suppliers. The Company operates its businesses primary in domestic market.