Certain A Shares of Yangzhou Seashine New Materials Co.,Ltd. are subject to a Lock-Up Agreement Ending on 10-SEP-2023.
September 09, 2023
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Certain A Shares of Yangzhou Seashine New Materials Co.,Ltd. are subject to a Lock-Up Agreement Ending on 10-SEP-2023. These A Shares will be under lockup for 1105 days starting from 31-AUG-2020 to 10-SEP-2023.
Details:
The Company?s actual controllers husband and wife Zhou Guangrong and Xu Xiaoyu, shareholder Yangzhou Haichang Xieli Equity Investment Partnership Enterprise (Limited Partnership), and shareholder and director Zhou Guanghua committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.
The Company?s shareholders Tongxiang Haifu Equity Investment Center (Limited Partnership) and Zhang Jun and the Company's other directors, supervisors, and senior management who are shareholders committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Yangzhou Seashine New Materials Co Ltd is a company engaged in research and development, production and sales of powder metallurgy products. The Company's products are comprised of power tool parts, auto parts, as well as office and home appliance parts. The power tool parts products include gears, bearings, structural parts and gear boxes. The auto parts products include mechanical vacuum pumps, gear hubs, shock absorbers and so on. The office and home appliance parts products include valve seats and one-way bearings. The Company sells its products to both domestic and international markets, including Mexico, Brazil, the United States, the United Kingdom, Japan and Malaysia.
YANGZHOU SEASHINE NEW MATERIALS CO.,LTD. 