Certain A Shares of Shanghai Tianyong Engineering Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JAN-2021.
January 21, 2021
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Certain A Shares of Shanghai Tianyong Engineering Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JAN-2021. These A Shares will be under lockup for 1102 days starting from 16-JAN-2018 to 22-JAN-2021.
Details:
The company's holding shareholder Shanghai Mingjia Investment Co., Ltd., actual controllers Rong Junlin, Rong Qing, Shanghai Rongyong Investment Management Partnership Enterprise (Limited Partnership) committed that to not transfer or entrust to a third party the company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.
The company's other shareholders Chen Lihong, Chen Huanqi committed that to not transfer or entrust to a third party the company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Shanghai Tianyong Engineering Co., Ltd. is a China-based company principally involved in the research, development, design, manufacture, installation, sales of intelligent automated production lines and intelligent automation equipment, as well as the provision of after-sale training and services. The Company operates through two main segments. The Intelligent Automation Production Lines segmentâs main products include automated assembly lines of the engines, the transmission automatic assembly lines and the white body welding automated production lines. The Intelligent Automation Equipment segmentâs main product include on-line cold testing equipment for engines, on-line thermal testing equipment for engines and engine development testing experiment stands, among others. The segment is also engaged in the provision of engine development testing service.
SHANGHAI TIANYONG ENGINEERING CO., LTD. 
