Certain A Shares of Shanghai Huide Science & Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 28-AUG-2021.
August 27, 2021
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Certain A Shares of Shanghai Huide Science & Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 28-AUG-2021. These A Shares will be under lockup for 1104 days starting from 20-AUG-2018 to 28-AUG-2021.
Details:
The company’s shareholders namely Shanghai Huide Enterprise Group Co., Ltd., and Shanghai Zhenran Equity Investment Management Partnership Enterprise (LP) along with directors or senior management members Qian Hongxiang, Fan Hanqing, Zou Wenge, Gu Weixi and Li Bin committed not to transfer nor entrust other parties for the management of the Company’s shares, directly or indirectly held prior to the offering within 36 months from the listing date.
The company’s supervisors Xu Qiang, Huang Cheng and Yan Bingqin committed not to transfer nor entrust other parties for the management of the company’s shares, directly or indirectly held prior to the offering within 36 months from the listing date.
The company’s shareholder Shanghai Zhenran Equity Investment Management Partnership Enterprise (LP) committed not to transfer nor entrust other parties for the management of the company’s shares, directly or indirectly held prior to the offering within 12 months from the listing date.
Qian Hongxiang, Fan Hanqing, Zou Wenge, Gu Weixi and Li Bincheng committed, that post the expiration of their 36 month lock up, annual transfers by them will not exceed 25% of their holdings.
Shanghai Huide Science & Technology Co., Ltd. is a China-based company principally engaged in the research, development, manufacture, sales of polyurethane resin products. The Companyâs main products include polyurethane for synthetic leather (PU slurry), polyurethane elastomer stock solutions and polyester polyol. The Company mainly distributes its products to domestic market.