Certain A Shares of Ningbo Xusheng Auto Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-JUL-2020.
July 09, 2020
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Certain A Shares of Ningbo Xusheng Auto Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-JUL-2020. These A Shares will be under lockup for 1106 days starting from 30-JUN-2017 to 10-JUL-2020.
Details:
The company’s holding shareholder, actual controller Xu Xudong, the company’s shareholders Hong Kong Xuri Industries Limited, Ningbo Meishan Free Trade Port Area Xusheng Holding Co., Ltd., Ningbo Meishan Free Trade Port Area Xucheng Investment Partnership Enterprise (Limited Partnership) promised that within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
The company’s shareholders Ningbo Meishan Free Trade Port Area Jinxu Investment Partnership Enterprise (Limited Partnership), Ningbo Bochuang Jinyong Investment Center (Limited Partnership), Qingdao Jinshi Haorui Investment Co., Ltd. promised that within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to the issuance, nor allow the company to repurchase the said shares.
Ningbo Xusheng Group Co Ltd, formerly Ningbo Xusheng Auto Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of die-casting precision aluminum alloy auto parts and industrial parts. The Companyâs die-casting products include drive housings, gearboxes, rafts and reducer housings, etc.; forged products include torsion arms, control arms and subframes, etc.; extrusion products include gas-liquid separators, anti-collision beams, etc. The main application areas of the Company's products include precision machining parts for core systems such as new energy vehicle transmission systems, transmission systems, battery systems, and suspension systems. The Company distributes its products within the domestic market and to overseas market.