Certain A Shares of Sanhe Tongfei Refrigeration Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-MAY-2022.
May 11, 2022
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Certain A Shares of Sanhe Tongfei Refrigeration Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-MAY-2022. These A Shares will be under lockup for 377 days starting from 30-APR-2021 to 12-MAY-2022.
Details:
The companys actual controllers, holding shareholders who are directors of the company, Zhang Guoshan; Zhang Haolei; Li Li; Wang Shufen committed that within 36 months after the listing date, shall 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. If the closing price of the companys share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companys share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the companys director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Companys shareholder Sanhe Zhongheying Enterprise Management Center (Limited Partnership) committed that within 36 months after the listing date, shall 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.
Directors, members of supervisory board, senior management personnel who are direct shareholders and indirect shareholders through Sanhe Zhongheying Enterprise Management Center (Limited Partnership), Gao Yu; Chen Zhenguo; Zhang Dianliang; Liu Chuncheng; Ji Hongwei committed that if the closing price of the companys share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companys share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the companys director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Within 12 months after the listing date, shall 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.
Sanhe Tongfei Refrigeration Co Ltd is a China-based company principally engaged in the research, development, manufacture and sales of industrial refrigeration equipment. The Company mainly provides four categories of products. Its liquid constant temperature equipment includes water (oil) coolers, laser water coolers and cutting fluid coolers. Its electric box constant temperature devices mainly include electric box temperature and humidity regulators, air/water heat exchangers and electric box heat exchangers. Its pure water-cooling units include pure water-cooling units for high and low voltage high power inverter and pure water-cooling units for flexible alternating current (AC) power transmission systems. Its special heat exchangers include stainless steel tube heat exchangers and copper tube heat exchangers. The Company distributes its products within domestic market and to overseas markets.