Certain A Shares of Shandong Weifang Rainbow Chemical Co., Ltd are subject to a Lock-Up Agreement Ending on 29-JUL-2022.
July 28, 2022
Share
Certain A Shares of Shandong Weifang Rainbow Chemical Co., Ltd are subject to a Lock-Up Agreement Ending on 29-JUL-2022. These A Shares will be under lockup for 373 days starting from 21-JUL-2021 to 29-JUL-2022.
Details:
Holding shareholders Shandong Rainbow Investment Co., Ltd.; KONKIA INC., Shandong Runnong Investment Co., Ltd. and actual controllers Wang Wencai, Sun Guoqing and Qiu Hongbing agreed 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 company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's 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.
Shareholders Shenzhen Xingdafa Technology Co., Ltd., Jinan Xinbo Investment Co., Ltd. and China Agricultural University Education Foundation agreed 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.
All members of the board of directors, members of supervisory board, senior management personnel agreed during the term of office as the company's 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.
Shandong Weifang Rainbow Chemical Co Ltd is a China-based company engaged in the research and development, production, and sales of active pesticide and preparation. The Company's main products include herbicides, insecticides, and fungicides. The Company's herbicides can be divided into self-produced products and trade products. The self-produced herbicides are mainly formulations, and the trade herbicides are mainly original medicines. Insecticides mainly include chlorpyrifos, imidacloprid, thiamethoxam and so on. Fungicides mainly include azoxystrobin, chlorothalonil, carbendazim, epoxiconazole, captan and so on.