Certain A Shares of Ningbo Fangzheng Automobile Mould Co.,Ltd. are subject to a Lock-Up Agreement Ending on 2-JUN-2023.
June 01, 2023
Share
Certain A Shares of Ningbo Fangzheng Automobile Mould Co.,Ltd. are subject to a Lock-Up Agreement Ending on 2-JUN-2023. These A Shares will be under lockup for 736 days starting from 27-MAY-2021 to 2-JUN-2023.
Details:
The Company's holding shareholders and actual controllers Fang Yongjie and Wang Yaping and shareholders Ningbo Xinggong Fangzheng Holding Co., Ltd. and Ningbo Jinjimu Equity Investment Management Partnership Enterprise (Limited Partnership) committed to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company's holding shareholders Shihezi Longhuahui Equity Investment Partnership Enterprise (Limited Partnership) and Anhui Gaoxin Jintong Anyi Phase II Venture Capital Fund (Limited Partnership) and directors, supervisors, and senior management Ye Jun, Li Hengqing, Chen Yin, Sun Xiaoming, Pan Zhili, and Wang Zhengliang committed to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. After the lock-up has expired, while holding office, Ye Jun, Li Hengqing, Chen Yin, Sun Xiaoming, Pan Zhili, and Wang Zhengliang committed to not transfer more than 25% of shares held each year.
Ningbo Fangzheng Automobile Mould Co Ltd is a China-based company mainly engaged in the research, development, manufacturing and operation of automobile plastic molds. The Company's main products include large injection molds, blow molds, precision molds, melt blown cloth molds, and plastic parts and accessories. The Companyâs products are mainly provided to downstream auto parts companies to produce plastic products required by automobiles, including automotive interior systems such as dashboards, auxiliary dashboards, door panels, pillar guards; automotive exterior systems such as bumpers, grilles, and spoiler; automotive air-conditioning air filter systems such as air-conditioning shells, air-conditioning dampers, intake manifolds; automotive fuel tank systems such as fuel tanks, fuel filler pipes. The Company's business is distributed in China and overseas.