Certain A Shares of Suzhou Shihua New Material Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-SEP-2023.
September 29, 2023
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Certain A Shares of Suzhou Shihua New Material Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-SEP-2023. These A Shares will be under lockup for 1101 days starting from 24-SEP-2020 to 30-SEP-2023.
Details:
Gu Zhengqing, the company's controlling shareholder, the actual controller, director, senior executive and core technician, the actual controllers of the company Kuai Lili, Cai Huijuan and Lü Gang promised that 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
Suzhou Shihua New Material Technology Co Ltd is a China-based company principally engaged in the research and development, production and sales of functional materials. The Company's products mainly include precision process application materials, electronic composite functional materials and optoelectronic display module materials. The Company's precision process application materials mainly include functional film products, which are mainly used in the manufacturing process of electronic products. The electronic composite functional materials are electronic-grade bonding products, and the main application scenario is the interior of consumer electronic products. The optoelectronic display module materials are mainly used in organic light emitting diodes (OLED) and other optoelectronic display modules.