Certain Ordinary Shares of Meihua International Medical Technologies Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-FEB-2023.
February 16, 2023
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Certain Ordinary Shares of Meihua International Medical Technologies Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-FEB-2023. These Ordinary Shares will be under lockup for 366 days starting from 16-FEB-2022 to 17-FEB-2023.
Details:
The company directors, officers and holders of ten percent or more of its Ordinary Shares on a fully diluted basis immediately prior to the consummation of this offering have agreed or are otherwise contractually restricted for a period of 365 days after the consummation of the offering, without the prior written consent of the Representative not to directly or indirectly issue, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any shares of its Ordinary Share or other capital stock or any securities convertible into or exercisable or exchangeable for its Ordinary Share.
Meihua International Medical Technologies Co Ltd is a manufacturer of medical consumables. The Company operates its business through subsidiaries, focusing on the research and development, manufacturing and sales of Class I, II and III disposable medical devices. The Company's products include self-manufactured and out-sourced products. The Company's Class I disposable medical devices mainly include, such as, disposable medical X-ray films, medical dry films, dry laser imagers, gauze bandages, examination gloves, pharmaceutical packaging materials and containers and so on. Class II disposable medical devices, such as, disposable full anesthesia kits, medical brush, womanâs examination kits, urethral catheterization kits, gynecological examination kits, endotracheal intubation, medical masks, anal bags, and suction connecting tube and so on. Class III disposable medical devices, such as disposable infusion pumps, anesthesia puncture kits, electronic pumps, etc.