Certain A Shares of Shandong Publishing&Media Co.,Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020.
November 09, 2020
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Certain A Shares of Shandong Publishing&Media Co.,Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020. These A Shares will be under lockup for 1096 days starting from 10-NOV-2017 to 10-NOV-2020.
Details:
The company’s controlling shareholder Shandong Publishing Group Limited and its wholly-owned subsidiary Shandong Xindi Investment Co., Ltd. committed that to not transfer or entrust to a third party the company’s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company’s share listing date.
The company’s other shareholders committed that to not transfer or entrust to a third party the company’s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company’s share listing date.
Shandong Publishing and Media Co., Ltd. is a China-based company principally engaged in the publishing, issuing, printing and material trading of books, periodicals and electronic audio-visual products. The Company's main products include teaching materials and teaching auxiliary, as well as general books. The Company is also engaged in advertising business and the copyright agency of publications. The Company distributes its products within domestic market and to overseas markets.