Certain A Shares of Shenzhen Longsys Electronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 5-AUG-2023.
August 04, 2023
Share
Certain A Shares of Shenzhen Longsys Electronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 5-AUG-2023. These A Shares will be under lockup for 374 days starting from 27-JUL-2022 to 5-AUG-2023.
Details:
The Company?s holding shareholder and actual controller Cai Huabo, actual controller Cai Lijiang, directors and shareholders Li Zhixiong, Wang Jingyang, and Zhu Yu, senior management Yang Xiaobin committed: 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Cai Huabo, Li Zhixiong, Wang Jingyang, Zhu Yu, Yang Xiaobin committed to not transfer more than 25% of shares held each year. During the first year after the lock-up has expired, Cai Lijiang committed to not transfer more than 25% of shares held before the IPO; within two years the lock-up has expired, Cai Lijiang committed to not transfer more than 50% of shares held before the IPO.
The Company?s shareholders Shenzhen Longxi No. 1 Investment Enterprise (Limited Partnership), Shenzhen Longxi No. 2 Investment Enterprise (Limited Partnership), Shenzhen Longxi No. 3 Investment Enterprise (Limited Partnership), Shenzhen Longjian Management Consulting Enterprise (Limited Partnership), Shenzhen Longxi No. 5 Consulting Enterprise (Limited Partnership), Zhang Xu, Deng Enhua, Bai Hongtao, Huang Haihua, and Wang Weimin have committed: 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.
The Company?s shareholders National Integrated Circuit Industry Investment Fund Co., Ltd., Jiangsu Jiequan Yuanhe Puhua Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Juyuan Juxin Integrated Circuit Industry Equity Investment Fund Center (Limited Partnership), Shenzhen Nanshan Hongtai Equity Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Jicheng Investment Center (Limited Partnership), Suzhou Shangkai Venture Capital Partnership Enterprise (Limited Partnership), Shenzhen Lihe New Generation Information Technology Venture Capital Partnership Enterprise (Limited Partnership), Shenzhen Zhanxiang Information Technology Co., Ltd., and Taikeyuan (Shenzhen) Capital Management Co., Ltd. committed: 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.
Shenzhen Longsys Electronics Co Ltd is a China-based company mainly engaged in the research and development, design and sales of Flash and dynamic random access memory (DRAM). The Company's products mainly include embedded storage, solid state disk (SSD), removable storage and memory sticks. Its products are mainly used in smart phones, smart Televisions, tablet computers, computers, communication equipment, wearable devices, Internet of Things, security monitoring, industrial control, automotive electronics and other industries, as well as personal mobile storage and other fields. The Company mainly conducts its businesses in the domestic market and overseas markets.