Certain A Shares of Sichuan Anning Iron and Titanium Co.,Ltd. are subject to a Lock-Up Agreement Ending on 17-APR-2021.
April 16, 2021
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Certain A Shares of Sichuan Anning Iron and Titanium Co.,Ltd. are subject to a Lock-Up Agreement Ending on 17-APR-2021. These A Shares will be under lockup for 372 days starting from 10-APR-2020 to 17-APR-2021.
Details:
The controlling shareholder, Zidong Investments Co., Ltd. has agreed not to dispose off any shares for a period of 36 months from the listing date.
The actual controller and Director, Luo Yangyong has agreed not to dispose off any shares for a period of 36 months from 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 (that is October 17, 2020), then the lockup period will automatically be extended by 6 months.
The company’s shareholder Luo Hongyou promised: within 12 months from the listing date of the company’s shares, will not transfer nor entrust to a third party shares held in the company prior to this public offering, nor allow the company to repurchase the said shares.
The company’s other shareholders Chen Yuanpeng, Rong Jihua promised: within 12 months from the listing date of the company’s shares, will not transfer nor entrust to a third party shares held in the company prior to this public offering, nor allow the company to repurchase the said shares.
The company’s holding shareholder Chengdu Zidong Investment Co., Ltd. promised: within 36 months from the listing date of the company’s shares, will not transfer nor entrust to a third party shares directly or indirectly held in the company prior to this public offering, 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 (that is October 17, 2020), then the lockup period will automatically be extended by 6 months.
Sichuan Anning Iron and Titanium Co., Ltd. is a circular economy enterprise that comprehensively utilizes vanadium and titanium resources for the extraction and selection of polymetallic associated ore. The Company is mainly engaged in the mining, washing and sales of vanadium-titanium magnetite. The main products are titanium concentrate and vanadium-iron concentrate. Vanadium-titanium magnetite is a multi-metal companion ore that contains iron and is associated with titanium, vanadium, scandium, cobalt, nickel, chromium, gallium and other elements. Products, raw materials for important basic industries such as titanium. The Company mainly operates its business in the domestic market.