Certain A Shares of Zhejiang Wandekai Fluid Equipment Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-SEP-2023.
September 18, 2023
Share
Certain A Shares of Zhejiang Wandekai Fluid Equipment Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-SEP-2023. These A Shares will be under lockup for 376 days starting from 8-SEP-2022 to 19-SEP-2023.
Details:
The company?s controlling shareholder and actual controller Zhong Xingfu, Chen Fangren, Chen Jinyong, and Chen Lihong have the following commitments regarding the circulation restrictions and voluntary lock-up of shares issued before the initial public offering of Wandekai Technology 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
The company?s controlling shareholder and actual controller Wang Suyun and Wang Guiping have made the following commitments regarding the circulation restrictions and voluntary lock-up of the shares issued before the initial public offering of Wandekai Technology and the company?s shareholder Taizhou Xieli Investment Consulting Partnership (Limited Partnership) has made the following commitments regarding the circulation restrictions and voluntary lock-up of the shares issued before the initial public offering of Wandekai 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.
Shareholder Zhang Changzheng, who is a director and senior management of the company, shareholder Han Lingli, who is a company director, and Chen Xueping, and Liu Heting, who are senior management shareholders of the company, have restricted the circulation of shares issued before the initial public offering of Wandekai Technology and Shareholders Pi Changqing and Wei Bo, who are the company?s supervisors, have made the following commitments regarding the circulation restrictions and voluntary lock-up of the shares issued before the initial public offering of Wandekai Technology 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Zhejiang Wandekai Fluid Equipment Technology Co Ltd is a China-based company principally engaged in the research, development, production and sales of plumbing components and parts. The Companyâs main products are copper plumbing valves and pipe fittings, including ball valve, angle valve, globe valve, plug valve, gate valve, butterfly valve, and slide valve, among others. The Companyâs products are widely used in infrastructures in buildings such as water supply and drainage system, cold & hot water supply system, heating equipment, and sewage discharge system, among others. The Company mainly conducts businesses within the domestic market.