Certain A Shares of Shanghai YanPu Metal Products Co.,Ltd are subject to a Lock-Up Agreement Ending on 15-SEP-2023.
September 14, 2023
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Certain A Shares of Shanghai YanPu Metal Products Co.,Ltd are subject to a Lock-Up Agreement Ending on 15-SEP-2023. These A Shares will be under lockup for 1101 days starting from 9-SEP-2020 to 15-SEP-2023.
Details:
The company?s holding shareholder, actual controller Zhou Jianqing promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company after the completion of 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 will automatically be extended for 6 months. The company?s actual controller Zhang Sicheng promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company after the completion of 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 will automatically be extended for 6 months.
Shareholders acting as director/management personnel, including Qian Yong, Qin Yanfang, Qiao Longshun, Gu Mingjie, Kong Wenjun, Yu Guoquan promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company after the completion of 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 will automatically be extended for 6 months. Shareholders acting as supervisor, including Wang Xiaofeng, Lu Yanqing, Zhou Jianming promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company after the completion of this issuance, nor allow the company to repurchase the said shares. Other shareholders promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company after the completion of this issuance, nor allow the company to repurchase the said shares.
SHANGHAI YANPU METAL PRODUCTS CO., LTD is a China-based company principally engaged in the research and development, production and sales of automotive seat frame assemblies, seat slide assemblies and automotive seats, seat belts, locks and other system stamping parts and injection molded parts. The Company's main products include car seat frame assemblies (including seat slides), precision stamping parts, injection molded parts and mold inspection tools. The Company distributes its products in the domestic market and to overseas markets.