Certain A Shares of Sharetronic Data Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-JUL-2023.
July 26, 2023
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Certain A Shares of Sharetronic Data Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-JUL-2023. These A Shares will be under lockup for 1106 days starting from 16-JUL-2020 to 27-JUL-2023.
Details:
The company?s controlling shareholder, Sharetronic Smart Technology Co., Ltd. and Geng Sihua, actual controller committed not to transfer or entrust to a third party the company?s shares it holds 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. If, within 6 months after the listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.
The other shareholders of the company committed not to transfer or entrust to a third party the company?s shares it holds 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. If, within 6 months after the listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.
Sharetronic Data Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of products such as intelligent terminals and data storage devices in the field of consumer electronics. The Company mainly provides customers with smart terminal products and data storage devices related to video capture (encoding), access (transmission) and display (decoding) in the modes of joint design manufacture (JDM) and original design manufacturer (ODM). Its products include smart cameras, car networking smart terminals, smart Netcom gateways, other smart terminals and data storage devices, such as card-type smart cameras, smart driving recorders, smart routers, smart speakers, solid state drives, mechanical hard drives and other storage devices. The Company operates its businesses within the domestic market and to overseas markets.