Certain A Shares of Joy Kie Corporation Limited. are subject to a Lock-Up Agreement Ending on 12-AUG-2022.
August 11, 2022
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Certain A Shares of Joy Kie Corporation Limited. are subject to a Lock-Up Agreement Ending on 12-AUG-2022. These A Shares will be under lockup for 375 days starting from 2-AUG-2021 to 12-AUG-2022.
Details:
The company's controlling shareholder and actual controller Li Zheng, Lu Zhiyong, and Li Yuguang have issued a "Letter of Commitment on Share Circulation Restrictions and Voluntary Lock-up", which promises Within 36 months from the date of listing of the company's shares, not to transfer or entrust others to manage the shares issued before the company's initial public offering that I directly or indirectly holds, nor to propose that the company repurchase such shares. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Director Hu Xiaojuan and senior executive Yong Ying, who indirectly hold shares of the company through Ningbo Meishan Free Trade Port Zone Yongxin Enterprise Management Partnership (Limited Partnership),, have issued a "Letter of Commitment on Share Circulation Restriction and Voluntary Lock-up", which promises as follows Within 12 months from the date of listing of the company's shares, not to transfer or entrust others to manage the shares issued before the company's initial public offering that I directly or indirectly holds, nor to propose that the company repurchase such shares. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
The supervisor Lu Haiyan, who indirectly holds shares of the company through the Ningbo Meishan Free Trade Port Zone Yongxin Enterprise Management Partnership (Limited Partnership),, Yu Xiaoqin, the supervisor who indirectly holds the shares of the issuer through the Ningbo Meishan Free Trade Port Zone Yongyan Enterprise Management Partnership (Limited Partnership, and Lai Shiqiang, the supervisor who indirectly holds the company's shares through the Ningbo Meishan Free Trade Port Zone Yongshen Enterprise Management Partnership (Limited Partnership), have issued the "Share Circulation Restrictions and Voluntary Locked Commitment Letter", the commitment which promises Within 12 months from the date of listing of the company's shares, not to transfer or entrust others to manage the shares issued before the company's initial public offering that I directly or indirectly holds, nor to propose that the company repurchase such shares. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Guo Yongding's partnership indirectly holds the issuer's shares, one of Li Zheng's relatives, Li Li, and one of the actual controllers, Li Yuguang's relatives, Li Yuhui and Han Liya, among the actual controllers who indirectly hold the issuer's shares through the Ningbo Meishan Free Trade Port Zone Yongyan Enterprise Management Partnership (Limited Partnership. One of Li Zheng's relatives Wang Xiaohua and one of the actual controllers of Lu Zhiyong's relatives Lu Zhihong, Zhou Quan and Lu Yuanyuan, and one of the actual controllers of the issuer's shares indirectly through the Yongxin Partnership, Han Xiao and Huang Weiwei's relatives, Han Xiao and Huang Weiwei, have issued Restriction and Voluntary Lock-in Commitment Letter", the commitment which promise that within 36 months from the date of listing of the company's shares, not to transfer or entrust others to manage the shares issued before the company's initial public offering that I directly or indirectly holds, nor to propose that the company repurchase such shares.
Shareholders of the company, Ningbo Meishan Free Trade Port Zone Yongyan Enterprise Management Partnership (Limited Partnership), Ningbo Meishan Free Trade Port Zone Yongxin Enterprise Management Partnership (Limited Partnership), Ningbo Meishan Free Trade Port Zone Yongdao Enterprise Management Partnership (Limited Partnership), and Ningbo Meishan Free Trade Port Zone Yongshen Enterprise Management Partnership (Limited Partnership) have issued a "Letter of Share Circulation Restriction and Voluntary Lock-up Commitment", which promises Within 12 months from the date of listing of the company's shares, not to transfer or entrust others to manage the shares issued before the company's initial public offering that I directly or indirectly holds, nor to propose that the company repurchase such shares.
Shanghai Guangfeng Investment Management Co., Ltd., a shareholder holding the company's shares, has issued a "Letter of Commitment on Share Circulation Restrictions and Voluntary Lock-up", which promises Within 12 months from the date of listing of the company's shares, not to transfer or entrust others to manage the shares issued before the company's initial public offering that I directly or indirectly holds, nor to propose that the company repurchase such shares.
Joy Kie Corp Ltd is a China-based company principally engaged in the design, research and development, production and sales of bicycles, their parts and related derivatives. The Company's main products include children's bicycles, adult bicycles, power-assisted electric bicycles and other complete vehicles and related accessories products. Among them, children's bicycles include push rod bicycles, children's balance bicycles, learn to ride bicycles, child's cycles and performance bicycles. Adult bicycles include city bikes, mountain bikes, road bikes and performance vehicles. The Company distributes its products both in the domestic market and to overseas markets.