Certain A Shares of Jiangxi Naipu Mining Machinery and New Materials Co.,Ltd are subject to a Lock-Up Agreement Ending on 12-FEB-2022.
February 11, 2022
Share
Certain A Shares of Jiangxi Naipu Mining Machinery and New Materials Co.,Ltd are subject to a Lock-Up Agreement Ending on 12-FEB-2022. These A Shares will be under lockup for 732 days starting from 11-FEB-2020 to 12-FEB-2022.
Details:
The controlling shareholder of the company, namely, Zheng Haocheng has 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, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.
The director and managing personal of the company, namely, Dong Chengsheng, Hu Jinsheng, Wu Yongqing and Yu Bincheng have agreed not to dispose of their interest for a period of 12 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, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.
The other shareholders of the company, namely, Cai Fei, Qu Zhiguo, Zhao Weiguo, Qiu Haiyan, Huang Xiong, Chen Li, and Niu Zhongbo have agreed not to dispose of their interest for a period of 12 months from the date of listing.
Naipu Mining Machinery Co Ltd, formerly Jiangxi Naipu Mining Machinery and New Materials Co Ltd, is a China-based company mainly engaged in mining machinery business. The Company is mainly engaged in the research, development, manufacturing, sales and service of heavy-duty mine dressing equipment and its new materials and wear-resistant spare parts, providing customers with value-added services such as optimization of heavy-duty dressing equipment, design of processing processes, consultation and optimization. The Company's beneficiation equipment includes slurry pumps, cyclones, and cylindrical screens. Wear-resistant spare parts include slurry pump flow parts, mill rubber composite liners, cylindrical screens and vibrating screen rubber screens, flotation machine impellers, stators, wear-resistant pipes, etc. Its products are mainly used in the beneficiation process of metal mines. The Company distributes its products within domestic market and to overseas markets.