Certain A Shares of Sobute New Materials Co., Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020.
November 09, 2020
Share
Certain A Shares of Sobute New Materials Co., Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020. These A Shares will be under lockup for 1104 days starting from 2-NOV-2017 to 10-NOV-2020.
Details:
The company's controlling shareholder Jiangsu Subote commits that there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company within 36 months since the date of listing of the present shares.
The actual controllers of the Company, Miu Changwen, Liu Jiaping and Zhang Jianxiong, commit 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.
The shareholders Miu Changwen, Liu Jiaping and Zhang Jianxiong, Mao Liangxi, Li Yuhu, Ren Hongjun, Ran Qianping commit within 12 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.
The shareholders and supervisors Zhang Yuexing, Sun Shu, Wang Liancheng commit within 12 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.
All the other shareholders commit within 12 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.
Sobute New Materials Co., Ltd is a China-based company principally engaged in the research and development, manufacture and sales of concrete admixtures. The Company mainly provides three categories, including water reducing agents, Naphthalene series of water reducing agents and functional materials. The Company's main products include polycarboxylate superplasticizers, naphthalene superplasticizers and aliphatic superplasticizers, functional chemical admixtures, high-performance cement-based materials and engineering fibers, among others. The Company mainly distributes its products within domestic markets.