Certain A Shares of Zhejiang Jindao Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-APR-2024.
April 12, 2024
Share
Certain A Shares of Zhejiang Jindao Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-APR-2024. These A Shares will be under lockup for 736 days starting from 8-APR-2022 to 13-APR-2024.
Details:
The Company?s actual controllers Jin Yanrong, Jin Gangqiang, Wang Yaxiang, and Jin Xiaoyan and holding shareholder Zhejiang Jindao Holding Co., Ltd. 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
After the lock-up has expired, while holding office, Jin Yanrong, Jin Gangqiang, Wang Yaxiang, and Jin Xiaoyan committed to not transfer more than 25% of shares held each year.
The Company?s shareholders Shaoxing Jinji Investment Partnership Enterprise (Limited Partnership) and Shaoxing Jinyi Investment Management Partnership Enterprise (Limited Partnership) 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 directors, supervisors, senior management, and core technical employees Luo Jianguo, Lin Jie, Xu Deliang, Wang Jisheng, Zhu Shuiyuan, and Zhou Jianzhong 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.
The Company?s shareholder Zhejiang Shaoxing Puhua Lanting Cultural Investment Partnership Enterprise (Limited Partnership) 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
Zhejiang Jindao Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of industrial vehicle transmissions. The Company provides customers with total technical solutions for industrial vehicle drivetrains. The Company's main products include various types of mechanical transmission gearboxes, hydraulic transmission gearboxes, electric forklift gearboxes, main reducer and axle box integrated products. The Company is also engaged in the production of transmissions for construction machinery, including steering gears and other forklift parts. Its products are mainly used in the transmission system of industrial vehicles. The Company mainly conducts its businesses in the domestic market.