Certain A Shares of Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. are subject to a Lock-Up Agreement Ending on 19-DEC-2019.
December 18, 2019
Share
Certain A Shares of Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. are subject to a Lock-Up Agreement Ending on 19-DEC-2019. These A Shares will be under lockup for 1106 days starting from 8-DEC-2016 to 19-DEC-2019.
Details:
The company’s actual controllers Zhu Guoliang, Gu Jianqin, Zhu Qi, Shen Weiqiang, shareholders Xu Yumei, Jiang Xinming, Lu Haifeng, Weng Renchu and Changzhou Fuying Investment Co., Ltd. promised that within 36 months after the listing date, will not transfer nor entrust to others for management their direct and indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Luo Wei and the 37 other individual shareholders have agreed not to sell shares within 12 months after the listing date.
Jiangsu Wujin Stainless Steel Pipe Group Co Ltd is a company engaged in the research, development, production and sales of industrial stainless steel pipes and fittings. The company's main products are industrial stainless steel seamless pipes, industrial stainless steel welded pipes, steel pipe fittings and flanges. Its products are used in petroleum, chemical, natural gas, power equipment manufacturing and mechanical equipment manufacturing industries. The Company's products are sold in domestic and foreign markets.