Certain A Shares of Jiangxi GETO New Materials Corporation Limited are subject to a Lock-Up Agreement Ending on 24-APR-2024.
Details:
The company?s holding shareholder Zhuhai Kaiyue High-Tech Industry Investment Co., Ltd 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, within 36 months after the listing date. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
The company?s actual controller Gao Weiquan, Liu Liqin 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, within 36 months after the listing date. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of service in the company, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.
Shareholders Zhuhai Zhiyi Equity Investment Enterprise (Limited Partnership), Zhuhai Zhitong Equity Investment Enterprise (Limited Partnership), Guangdong Yueke Zhenyue No. 1 Equity Investment Partnership Enterprise (Limited Partnership), Zhuhai Zhicheng Equity Investment Enterprise (Limited Partnership), Zhuhai Zhite New Material Consulting Enterprise (Limited Partnership), Fuzhou Industry and Technology Innovation Investment Development Co., Ltd., Zhongmo (Beijing) International Brand Management Co., Ltd, He Qingquan, Zhou Shuijiang, He Xiuli, We Wenzhen, Qiu Yaping, Chen Yafang, Feng Xianliang, Huang Meiyan 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, within 12 months after the listing date.
Directors, supervisors, management personnel directly or indirectly holding shares in the company excluding Gao Weiquan will not transfer nor entrust to others for management indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares, within 12 months after the listing date. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of service in the company, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.