Certain A Shares of Shenzhen Longtech Smart Control Co., Ltd are subject to a Lock-Up Agreement Ending on 3-DEC-2023.
December 02, 2023
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Certain A Shares of Shenzhen Longtech Smart Control Co., Ltd are subject to a Lock-Up Agreement Ending on 3-DEC-2023. These A Shares will be under lockup for 1102 days starting from 26-NOV-2020 to 3-DEC-2023.
Details:
The company?s holding shareholder, actual controller, director and management personnel Ouyang Zhengliang promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company, 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 shareholder acting as supervisor Gou Xingrong and Indirect shareholders acting as the company?s director, management personnel Zhou Wu, Li Yanhui, Zhao Baofa, Huang Bin and Indirect shareholder acting as the company?s supervisor Luo Liying, Wei Yongxiao promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
The company?s shareholder Shenzhen Liangte Investment Management Co., Ltd., Shenzhen Pengcheng Gaofei Investment Management Partnership Enterprise (Limited Partnership), Zhuhai Pengcheng Zhanchi Investment Consulting Partnership Enterprise (Limited Partnership) promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
Shenzhen Longtech Smart Control Co Ltd is a China-based company engaged in the research, development, design, production and sales of intelligent controllers and intelligent products. Its products include two major categories. Smart controllers include smart home appliances and home appliances smart controllers, automotive electronics smart controllers and other smart controllers, such as coffee machine smart controllers, passenger car master controllers, and electronic cigarette smart controllers. Smart products include off-grid lighting products, new consumer electronics products and others, such as multi-functional off-grid lighting systems, smart beer mugs, smart gateways, and human-like commercial service robots. Its products are mainly used in industries such as smart home and home appliances, off-grid lighting, automotive electronics and new consumer electronics. The Company conducts its businesses in the China market and overseas markets such as Asia, Africa and North America.