Certain A Shares of Kailong High Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 7-DEC-2023.
December 06, 2023
Share
Certain A Shares of Kailong High Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 7-DEC-2023. These A Shares will be under lockup for 1102 days starting from 30-NOV-2020 to 7-DEC-2023.
Details:
Zang Zhicheng, the controlling shareholder of the Company, and its concerted action parties, Zang Mengdie, Zang Yufen, Zang Xiaomei, Zang Yumei, Wuxi Kaicheng, Ye Jun, Zhao Chuan and Zeng have agreed not to dispose of their interest for a period of 36 months from the date of listing. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect.
The shareholder, namely, Tianjin Lihe Chuangyi Equity Investment Fund Enterprise (limited), Guanya (Shanghai) Equity Investment Fund Partnership Limited, Changzhou Lihe Huafu Venture Capital Co., Ltd., Suzhou Xinlianke Venture Capital Co., Ltd., Wuxi Jintou Holdings Co., Ltd., Wuxi Jintou Industry Upgrade Equity Capital Enterprise (Limited Partnership), Jilin Province Rongfa Enterprise Development Partnership (Limited Partnership), Anhui Anhua Innovation Venture Capital Co., Ltd., Suzhou Xinlin Venture Capital Co., Ltd., Beijing Jiahua Venture Capital Co., Ltd., Wuxi Qingyuan Innovation and Venture Capital Partnership (Limited Partnership), Changzhou Housheng Investment Co., Ltd., Shanghai Qifeng Yuxiang Investment Management Center (Limited Partnership), Changzhou Qingyuan Innovation Venture Capital Partnership (Limited Partnership), Wuxi Kate Investment Enterprise (Limited Partnership), Shenzhen Xielitong Technology Development Co., Ltd., Changzhou Lihe Qingyuan Venture Capital Investment Enterprise (limited), Suzhou Dunhang Value Venture Capital Partnership (limited), Shenzhen Yuda Jingcheng No. 1 Venture Capital Partnership (limited), Shenzhen Lihe Chuangying Equity Investment Fund Enterprise (limited), Shanghai Jiayuan Bangtai Investment Partnership (limited), Wuxi Lihe Qingyuan Venture Capital Investment Enterprise (limited) have agreed not to dispose of their interest for a period of 12 months from the date of listing.
Kailong High Technology Co Ltd is a China-based company that mainly provides environmental protection equipment. The Company is mainly engaged in the research and development, production and sales of internal combustion engine exhaust pollution control equipment. It mainly develops and produces exhaust pollution control equipment for diesel engines and gas engines. Its products include diesel engine selective catalytic reduction System (SCR) system, diesel engine particle capture system, gas engine exhaust gas aftertreatment system, parts and exhaust gas purification energy-saving system. The Company conducts its businesses within the China market and to overseas markets.
KAILONG HIGH TECHNOLOGY CO., LTD. 
