Certain A Shares of Suzhou Secote Precision Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-DEC-2020.
December 24, 2020
Share
Certain A Shares of Suzhou Secote Precision Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-DEC-2020. These A Shares will be under lockup for 1106 days starting from 15-DEC-2017 to 25-DEC-2020.
Details:
The controlling shareholders Sun Feng and Zeng Huicheng, the shareholders Suzhou Saiwei Investments and Suzhou SaiYue Investments, supervisors and management personnel Chen Jun, Zhao Jianhua, Lom Kok Oon, Li Sanbao, Liu Yanwei, Liu Hongning and supervisors Ran Jinguo, Zhang Ronglin, and Jia Huajun committed that within 36 months since the date of listing of the present shares in the Shenzhen Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the company.
Also, after the expiry of lock up period, yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect.
Suzhou Secote Precision Electronic Co., Ltd. is a China-based company principally involve in the research, development, design, manufacture, sales and provision of automated production equipment and related services. The Company operates its business through two main segments. The Main Business segment is primarily involved in the research, development, design, manufacture, sales and provision of automated production equipment and related services, as well as the provision of intelligent production system solutions to customers. The Company's main products include automated assembly equipment, automated testing equipment and fixtures. The Other Business segment is mainly involved in the sales of raw materials. The Company distributes its products to both domestic and overseas markets.
SUZHOU SECOTE PRECISION ELECTRONIC CO.,LTD 
