Certain A Shares of Qingdao CHOHO Industrial Co., Ltd are subject to a Lock-Up Agreement Ending on 11-JAN-2024.
January 10, 2024
Share
Certain A Shares of Qingdao CHOHO Industrial Co., Ltd are subject to a Lock-Up Agreement Ending on 11-JAN-2024. These A Shares will be under lockup for 1100 days starting from 6-JAN-2021 to 11-JAN-2024.
Details:
The Company?s holding shareholder Qingdao Kuifeng Machine Co., Ltd. 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 actual controllers Jin Yumo and Jin Xuezhi and shareholders Jin Xuezhen, Jin Dongmo, Jinpei Pei, and Jin Meifang 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.
The Company?s shareholders who are directors and senior management Chen Lipeng, Xiang Hua, Mou Jiahai, Liu Yi, Xu Dazhi, Sun Anqing, Zheng Linkun 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.
The Company?s shareholders Qingdao Jinshuo Equity Investment Enterprise (Limited Partnership), Qingdao Jinguo Equity Investment Enterprise (Limited Partnership), Shenzhen Dachen Chuangtai Equity Investment Enterprise (Limited Partnership), Shenzhen Dachen Chuangheng Equity Investment Enterprise (Limited Partnership), Shenzhen Dachen Chuangrui Equity Investment Enterprise (Limited Partnership), supervisors who are shareholders Mao Wenjia, Fang Xiang, Jiang Fengqiang, and shareholders Zeng Sheng, Fu Zhenming committed that 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.
Qingdao CHOHO Industrial Co Ltd is a China-based company principally engaged in the research and development, manufacturing and sales of various chain drive systems. The Company's main products include vehicle chain systems, agricultural machinery chain systems and industrial equipment chain systems. Its vehicle chain systems include motorcycle chain systems and automobile chain systems. The Company's products are applied in motorcycle, automobile, ship, agricultural machinery, construction machinery, lifting and transportation machinery, logistics and storage, escalator, food and drug machinery, light industrial machinery, petrochemical and other fields. The Company distributes its products in domestic market and to overseas markets.