Certain A Shares of Solareast Holdings Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-MAY-2013.
May 20, 2013
Share
Certain A Shares of Solareast Holdings Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-MAY-2013. These A Shares will be under lockup for 373 days starting from 13-MAY-2012 to 21-MAY-2013.
Details:
New Energy Group, Xindian Consulting, Apollo Consulting, Moon God Consulting promised that within 36 months after the listing date, will not transfer nor entrust their direct or indirect shares in the company prior to the offering to a third party, nor allow the company to repurchase the shares.
Actual controller Xu Xinjian and his affiliated parties Xu Zhengran, Wu Dianhua, Xu Xin promised that within 36 months after the listing date, will not transfer nor entrust their direct or indirect shares in the company prior to the offering to a third party, nor allow the company to repurchase the shares; Li Jun and 19 other individuals promised: within 12 months after the listing date, will not transfer nor entrust their direct or indirect shares in the company prior to the offering to a third party, nor allow the company to repurchase the shares.
Zhongke Huanghai, Fosun Principle, Shanghai Principle promised that within 12 months after the listing date, will not transfer nor entrust their direct or indirect shares in the company prior to the offering to a third party nor allow the company to repurchase the shares; GF Xinde promised: within 18 months after the listing date, will not transfer nor entrust its direct or indirect shares in the company prior to the offering to a third party, nor allow the company to repurchase the shares.
The company's directors, supervisors, management personnel Xu Xinjian, Wang Wanzhong, Li Ligan, Li Jun, Zhang Lei, Liu Wei, Yang Jingqi, Yang Zhiquan, Feng Yong, Wang Xuchang, Chen Ronghua, Zhang Yaming, Dou Jianqing, Lian Xianghui promised that within their stay in the company, the number of shares transferred in a year will not exceed 25% of their total direct or indirect shares in the company; within 6 months after resignation, will not transfer direct or indirect shares in the company; within 12 months after 6 months of declaring resignation, the number of shares transferred will not exceed 50% of their total direct or indirect shares in the company.
Solareast Holdings Co., Ltd., formerly Jiangsu Sunrain Solar Energy Co., Ltd, is a China-based company, principally engaged in the research and development, manufacture and sales of solar stand-alone water heaters. The Company is also engaged in the research and development, manufacture and sales of solar hot water engineering systems, air energy water heaters and water purifiers. The Company distributes its products within domestic market and to overseas markets.