Certain A Shares of Ningbo Runhe High-Tech Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-NOV-2020.
November 26, 2020
Share
Certain A Shares of Ningbo Runhe High-Tech Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-NOV-2020. These A Shares will be under lockup for 1099 days starting from 24-NOV-2017 to 27-NOV-2020.
Details:
The company's controlling shareholder Ye Jianping and Yu Caijuan commit to not dispose off their holdings in the company for a period of 36 months from the date of issuance, and post the expiration of 36 months, the annual share disposal will not exceed 25%.
The company's controlling shareholder, Runhe Holdings commits to not dispose off their holdings in the company for a period of 36 months from the date of issuance and post the expiration of 36 months, the annual disposal will not exceed 20% of their holdings.
Shareholders holding 5% of more in the company, commit to not sell off their holdings in the company for a period of 36 months, and post the expiration of 36 months, their annual disposal will not exceed 50% of their holdings per year.
Shareholders Yongchun Investments, Ma Jincui, Yang Hao, Nie Yun, Lin Xaoping commit to not dispose off their holdings in the company for a period of 36 months from the date of issuance.
Ningbo Runhe High-Tech Materials Co Ltd is a company engaged in research, development, production and sales of organic silicon deep processing products and textile printing and dyeing auxiliary products. The Company operates two segments. The Silicone Deep Processing Products segment provides silicone oil, silicone rubber, silicone resin, silane coupling agent and other products, which are used to manufacture cosmetic raw materials, agricultural silicone products, light-emitting diode (LED) encapsulant and glass fiber reinforced materials. The Textile Printing and Dyeing Auxiliary segment provides pretreatment aids, such as softeners, water repellents and stiffeners; dyeing and printing aids, such as dispersants, levelling agents and fixing agents; and finishing agents.