Certain A Shares of Shenzhen L&A Design Holding Limited are subject to a Lock-Up Agreement Ending on 27-FEB-2024.
February 26, 2024
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Certain A Shares of Shenzhen L&A Design Holding Limited are subject to a Lock-Up Agreement Ending on 27-FEB-2024. These A Shares will be under lockup for 1100 days starting from 22-FEB-2021 to 27-FEB-2024.
Details:
Holding shareholder, actual controller, chairman of the board of directors Li Baozhang and Enterprises controlled by Li Baozhao Shenzhen L&A Hejia Investment Management Enterprise (Limited Partnership) and Shenzhen L&A Heli Investment Management Enterprise (Limited Partnership) shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 36 months after the listing date. 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 shall automatically be extended for 6 months.
Li Baozhang as chairman of the board of directors during the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shareholder with less than 5% shareholding Zhuhai Lepu Junheng Investment Enterprise (Limited Partnership) shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 12 months after the listing date.
Members of the board of directors and senior management personnel with shareholding shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 36 months after the listing date. 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Members of the supervisory board with shareholding shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 36 months after the listing date. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shenzhen L&A Design Holding Ltd is a China-based company principally engaged in landscape design and EPC (Engineering Procurement Construction) general contracting business led by creative design. The Company conducts its business through three segments. The Landscape Design segment is mainly engaged in urban landscape design (urban square, commercial street and office environment, etc.), residential area landscape design, urban park planning and design, waterfront green space planning and design, tourism resort and scenic area planning and design, etc. The EPC General Contracting segment is entrusted by the owner to carry out the contracting of the project design, procurement, construction and other stages in accordance with the contract, and is responsible for the project quality, safety, cost and schedule. The Other Design segment is mainly engaged in regional economic planning, conceptual planning and design, soft decoration and special design and production business.