Certain A Shares of NanJing Research Institute of Surveying, Mapping & Geotechnical Investigation, Co.Ltd are subject to a Lock-Up Agreement Ending on 3-APR-2022.
April 02, 2022
Share
Certain A Shares of NanJing Research Institute of Surveying, Mapping & Geotechnical Investigation, Co.Ltd are subject to a Lock-Up Agreement Ending on 3-APR-2022. These A Shares will be under lockup for 731 days starting from 2-APR-2020 to 3-APR-2022.
Details:
The shareholders, Nanjing Gaotou Technology Co., Ltd., Lu Zufei and Jiang Hongtao have agreed not to dispose off any shares for 36 months since the listing date. 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.
The shareholders, Chu Zhengwei, Li Yong, Zuo Dumei, Liu Wenwu, Liu Jian, Lu Jinfang, Zhong Jinning, Chen Xin, Ma Guangling, and Wang Jigao have agreed not to dispose off any shares for 12 months since the listing date. 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. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase.
Other shareholders have agreed not to dispose off any shares for 12 months since the listing date.
NanJing Research Institute of Surveying Mapping & Geotechnical Investigation Co Ltd is a China-based company that provides geographic information technology services. The Company mainly provides engineering survey and survey technical services, surveying and mapping services and geographic information system integration and services. The Company provides technical services including geographic information data collection, processing and integration services for industrial applications of construction engineering, urban refinement and intelligent management and spatial location information. The Company conducts its businesses primarily in the domestic market.
Certain A Shares of NanJing Research Institute of Surveying, Mapping & Geotechnical Investigation, Co.Ltd are subject to a Lock-Up Agreement Ending on 3-APR-2022.