Certain A Shares of Sinostar Cable Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JAN-2022.
January 21, 2022
Share
Certain A Shares of Sinostar Cable Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JAN-2022. These A Shares will be under lockup for 368 days starting from 19-JAN-2021 to 22-JAN-2022.
Details:
The company shareholder Zhang Xuemin, Tianjin Xinyuanjing Yousheng Equity Investment Partnership (Limited Partnership), Directors, supervisors, managing personnel and all other shareholder commits within 12 months since the date of listing of the present shares, there will be no transfers nor entrustment of shares to any third party nor repurchase by the Company.
The company controlling shareholder namely Sinostar Holdings Co., Ltd, actual controller Du Nanping, and Zhang Qian commits to within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
Sinostar Cable Co Ltd is a China-based company principally engaged in the research and development, production and sales of wires and cables and cable accessories. The Company's main products are 110kV and below power cables, 750kV and below bare wires, wires and cables for electrical equipment and cable accessories. The Company's specific products include power cables (high, medium and low voltage), overhead conductors, overhead insulated cables, rail transit cables, wind energy cables, halogen-free PV cables for photovoltaic systems, mining cables, marine cables, computer cables, control cables, various types of fire-resistant and flame-retardant cables, household appliances wires, civil wires and other wires and cables, as well as 110kV and below cold-shrinkable and heat-shrinkable cable accessories, plug-in parts and power cable protective drive pipes. The Company mainly distributes its products in the domestic market.