Certain A Shares of Zhejiang Merit Interactive Network Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 22-MAR-2022.
March 21, 2022
Share
Certain A Shares of Zhejiang Merit Interactive Network Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 22-MAR-2022. These A Shares will be under lockup for 1096 days starting from 22-MAR-2019 to 22-MAR-2022.
Details:
The companys actual controller Fang Yi and person acting in concert Shen Xin, actual controllers party acting in concert Hangzhou Wole Getui Investment Management Partnership Enterprise (Limited Partnership), directors, management personnel holding shares in the company including Fang Yi, Shen Xin, and supervisors indirectly owning shares in the company including Dong Lin, Kong Xiangqing, and management personnel including Ye Xinjiang and Zhang Yuzhen have agreed not to dispose of their interest for a period of 36 months from the date of listing.
Shareholders owning more than 5% stake in the company including Beijing Heyu Venture Capital Center (Limited Partnership), Beijing Dinglu Zhongyuan Technology Co., Ltd., and Shanghai Hongao Investment Management Center (Limited Partnership), and shareholders owning less than 5% stake in the company have agreed not to dispose of their interest for a period of 12 months from the date of listing.
Merit Interactive Co Ltd, formerly Zhejiang Merit Interactive Network Technology Co Ltd, is a China-based mobile Internet integrated service provider based on big data. The Company operates through three segments. The Mobile Application Developer Services segment provides technical push services, user portrait services and data statistics services. The Mobile Internet Marketing Services segment provides notification bar advertisements and application advertisements, which can be divided into brand advertisement services and effect advertisement services by type. The Data Services and Other segment provide Data Management Platform (DMP) services as well as data analysis and consulting services.