Certain A Shares of Ningxia Xiaoming Agriculture & Animal Husbandry Co.,Ltd are subject to a Lock-Up Agreement Ending on 13-APR-2023.
April 12, 2023
Share
Certain A Shares of Ningxia Xiaoming Agriculture & Animal Husbandry Co.,Ltd are subject to a Lock-Up Agreement Ending on 13-APR-2023. These A Shares will be under lockup for 741 days starting from 2-APR-2021 to 13-APR-2023.
Details:
The Company's holding shareholder and actual controller Wei Xiaoming 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
The Company's directors and senior management Han Xiaofeng, Du Jianfeng, Shi Yuxin, Wang Xueqiang, Zhu Wanqian, Sun Lingzhi, and Ma Jiang 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. 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
The Company's supervisors who are shareholders Tuo Mingjing, Feng Rujuan, and Wang Zhongxian, shareholders Zhengda Investment Co., Ltd., Yinchuan Chentu Equity Investment Partnership Enterprise (Limited Partnership), Chentu First Industry Equity Investment Fund, and Guangzhou Xienuo Investment Group Co., Ltd., and the other shareholders 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 expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Ningxia Xiaoming Agriculture & Animal Husbandry Co Ltd is a China-based company mainly engaged in the breeding of ancestral generation breeders and parent generation breeders, the sales of parent generation chicks, commercial generation chicks (eggs) and their by-products, and the breeding and sales of commercial generation chickens. The Companyâs main products include parent-generation chicks, commercial-generation chicks and their by-products, as well as commercial-generation chickens. Its by-products include fresh eggs, infertile eggs, stillbirth eggs, hairy eggs, second-class mothers and chicks, eliminated chickens and male chicks, among others. The Company mainly distributes its products within domestic market.