Certain A Shares of Shenzhen Crastal Technology CO.,LTD. are subject to a Lock-Up Agreement Ending on 19-JUN-2021.
June 18, 2021
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Certain A Shares of Shenzhen Crastal Technology CO.,LTD. are subject to a Lock-Up Agreement Ending on 19-JUN-2021. These A Shares will be under lockup for 373 days starting from 11-JUN-2020 to 19-JUN-2021.
Details:
The company’s controlling shareholder George Mohan Zhang and Zhang Bei promised that within 36 months after the listing date, they will not transfer nor entrust to others for management direct or indirect shares in the company, nor allow the company to repurchase the said shares.
The company’s shareholders Zhangxi Zhongxia and Xi Bing promised that within 12 months after the listing date, they will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
All other directors, supervisors and management personnel besides George Mohan Zhang and shareholders Zhangxi Zhongxia and Xi Bing commit not to transfer any shares within 12 months since the date of listing of the present shares.
Shenzhen Crastal Technology Co Ltd is a China-based company principally involved in the research and development (R & D), manufacturing and sales of small kitchen appliances and ancillary products. The Company's products include health pots, electric kettles, toasters, ovens, water dispensers and steamers, as well as supporting health foods and peripheral products. Its own brand is BUYDEEM. The Company also provides R & D and production services to international brands through Original Equipment Manufacturer (OEM)/Original Design Manufacturer (ODM) models. The Company distributes its products in domestic market and to overseas markets.