Certain A Shares of Xi'an Sinofuse Electric Co., Ltd. are subject to a Lock-Up Agreement Ending on 15-JUL-2023.
Details:
The companyâs actual controllers Fang Guangwen, Liu Bing, Wang Guifei, Wang Wei promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the companyâs share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companyâs share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of office as the companyâs director, supervisor, management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.
The companyâs shareholders Tibet Zhongying Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Xiâan Zhongyu Enterprise Management Consulting Partnership Enterprise (Limited Partnership), actual controller Liu Bingâs sister Liu Jian promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
The companyâs shareholder Shi Xiaoguang, Supervisor directly owning shares in the company Jia Junkai and supervisors indirectly owning shares in the company Fan Minghui, Lei Lei promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. After the expiration of the above lockup period, during the term of office as the companyâs director, supervisor, management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.
Director Peng Qifeng, management personnel Li Wensong promised Within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the companyâs share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companyâs share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of office as the companyâs director, supervisor, management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.
The companyâs shareholders Li Zhaode, Qingdao Anpeng Zhongrong Equity Investment Fund Partnership Enterprise (Limited Partnership), companyâs shareholders Changjiang Chendao (Hubei) New Energy Industry Investment Partnership Enterprise (Limited Partnership), Li Yantai, Zeng Xiaotao, Gao Xiang, Xiâan Zhishou Juncheng Venture Capital Partnership Enterprise (Limited Partnership), Shaanxi Gongxiao Cooperation Development Venture Capital Investment Partnership Enterprise (LP), Zhishou Investment Holding Co., Ltd, Guangzhou Guangqi Chentu Venture Capital Partnership Enterprise (L.P.), Nantong Kailu Taifu Investment Center (Limited Partnership) promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.