Certain A Shares of Qingdao Gaoce Technology Co., Ltd are subject to a Lock-Up Agreement Ending on 7-AUG-2021.
August 06, 2021
Share
Certain A Shares of Qingdao Gaoce Technology Co., Ltd are subject to a Lock-Up Agreement Ending on 7-AUG-2021. These A Shares will be under lockup for 375 days starting from 28-JUL-2020 to 7-AUG-2021.
Details:
The company's controlling shareholders, the actual controllers and Director and Senior Management Zhang Xu committed within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.
Shareholders Shang Hua and Li Xueyu who are directors and senior managers, and Hu Zhenyu, a shareholder who is a director promised within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.
Shareholders Wei Yujie, Guo Lei and Zhao Shan who acted as supervisors, the company's core technical personnel and who held shares Zhang Xu, Duan Jingbo, and Zhang Lu and other shareholders promised within 12 months since the date of listing of the present shares and after 6 months from rescindment, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the company.
Qingdao Gaoce Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The Company's main products are divided into three categories: cutting equipment for hard and brittle materials, cutting tools for hard and brittle materials and tire testing equipment and consumables, including single silicon cutting machine, multi-silicon squarers, grinding polishing and chamfering machine, diamond wire slicer, diamond wire, tire section cutting machine, tire high-speed & endurance performance testing equipment, tire strength off-ring testing machine, tire water pressure blasting test machine, tire rolling resistance testing machine, tire section cutting wire and others. Its products are used in the cutting of silicon materials in the photovoltaic industry and tire product inspection. The Company operates its businesses within the domestic market and to overseas markets.