Certain A Shares of Bisen Smart Access Co.,Ltd are subject to a Lock-Up Agreement Ending on 14-OCT-2023.
October 13, 2023
Share
Certain A Shares of Bisen Smart Access Co.,Ltd are subject to a Lock-Up Agreement Ending on 14-OCT-2023. These A Shares will be under lockup for 731 days starting from 13-OCT-2021 to 14-OCT-2023.
Details:
The Company?s holding shareholder, actual controller, and director Liu Rungen, actual controller and vice chairman Gong Weining, and actual controller and senior management Liu Ziyao 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
While holding office, they committed to not transfer more than 25% of shares held each year.
The Company?s directors and senior management Wan Hongyan, Yuan Chunyan, Fu Xueyong, Xiong Xiang, and Hua Qiugen 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
While holding office, they committed to not transfer more than 25% of shares held each year.
The Company?s shareholders Nanchang Guojin Industrial Investment Co., Ltd., Xinyu Dasenlin Investment Partnership Enterprise (Limited Partnership), Xinyu Yikeshu Investment Management Partnership Enterprise (Limited Partnership), and Wang Wenbo and supervisors Zheng Hong?an, Xu Hongliang, and Qiu Xiaomei 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.
While holding office, the supervisors committed to not transfer more than 25% of shares held each year.
Bisen Smart Access Co Ltd is a China-based company mainly engaged in the research, development, production and sales of various import and export control and management equipment. The Company's main products are five series: gate, door opener, lifting column, license plate recognition management equipment and access door. The Gate products include door opening gate, advertising gate, heavy gate and gate movement. The door opener products include translational gantry crane, industrial gantry crane, telescopic gantry crane and flat door opener. The lifting column products include hydraulic integrated automatic lifting ground column and 36 Volt (V) direct-current (DC) brushless electric lifting ground column. The license plate recognition management equipment is mainly license plate recognition machine. The access door products include advertising doors and swing gates.
JIANGXI BAISHENG INTELLIGENT TECHNOLOGY CO., LTD. 
