Certain A Shares of Tjk Machinery Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-MAR-2021.
March 18, 2021
Share
Certain A Shares of Tjk Machinery (Tianjin) Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-MAR-2021. These A Shares will be under lockup for 366 days starting from 18-MAR-2020 to 19-MAR-2021.
Details:
Chen Zhendong, controlling shareholder and actual controller of the company, directors, supervisors and managing personnel, Sun Lu, Li Yanyun, Sun Yu, Chen Shuhong, Zhang Xin, Lin Lin, Chengke Jianxin Investments Co., Ltd., Chengke Jianying Investments Co., Ltd., Chengke Jianda Investments Co., Ltd committed 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 months from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.
Shareholder Tianchuang Haihe Investments Co., Ltd, Qin Xi, indirect shareholder of the Company, Ningbo Longxin Investments Co., Ltd., Tianchuang Yingxin Investments CO., Ltd., Tianchuang Dingxin Investments Co., Ltd and Tianchuang Touguan Investments Co., Ltd, Shenzhen Zhongying Investments Co., Ltd., Wang Xiaolei, Suzhou Liuhe Investments Com., ltd., Xinyu Fengyan Investments Co., Ltd., Chongqing Kewei Investments Co., Ltd., Ningbo Hongfdan Investments Co., Ltd., Kang Yuhua, Sheng Leiming, Yao Guolong and Wei Hongkun committed that 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. 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 months from listing, lock-up period will be automatically extended for another 6 months.
TJK MACHINERY (TIANJIN) CO., LTD. is a China-based company mainly engaged in the research, design, production and sales of high-end computer numerical control (CNC) reinforcement steel processing machines, and provision of overall solutions for CNC reinforcement steel processing. The Company mainly produces and sells three series of products: single-piece reinforcement steel forming machinery, combined reinforcement steel forming machinery and reinforcement steel strengthening machinery, including fully automatic CNC reinforcement steel bending machine, fully automatic CNC reinforcement steel straightening and cutting machine and so on. Products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower, steel processing and distribution centers and other fields. The Company operates its businesses in the domestic market and to overseas markets.
TJK MACHINERY (TIANJIN) CO., LTD. 
