Certain A Shares of Zhejiang Fulai New Material Co.,Ltd. are subject to a Lock-Up Agreement Ending on 13-MAY-2022.
May 12, 2022
Share
Certain A Shares of Zhejiang Fulai New Material Co.,Ltd. are subject to a Lock-Up Agreement Ending on 13-MAY-2022. These A Shares will be under lockup for 368 days starting from 10-MAY-2021 to 13-MAY-2022.
Details:
Xia Houjun, the company's controlling shareholder and the actual controller and its connected party Jiaxing Jinqu Investment Management Partnership Enterprise (Limited Partnership) promised 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.
Liu Yanan, director and senior executive and Hu Delin, supervisor of the company who indirectly holds shares in the company promised 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 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.
Zhejiang Fulai New Material Co Ltd is a China-based company principally engaged in the research and development, production and sales of functional coating composite materials. The Company mainly provides three categories of products: advertising inkjet printing materials, label identification printing materials and electronic grade functional materials. Its advertising inkjet printing materials are mainly used for printing indoor and outdoor physical advertising materials. Its label identification printing materials are mainly used for label identification printing of daily chemical products, food and beverages, and electronic products. Its electronic grade functional materials are mainly used in the fields of consumer electronics and automotive electronics to bond and fix various components or modules. The Company distributes its products within the domestic market and to overseas markets.
ZHEJIANG FULAI NEW MATERIAL CO.,LTD. 