Certain A Shares of Zhejiang Zhaolong Interconnect Technology Co., Limited are subject to a Lock-Up Agreement Ending on 1-DEC-2023.
December 30, 2023
Share
Certain A Shares of Zhejiang Zhaolong Interconnect Technology Co., Limited are subject to a Lock-Up Agreement Ending on 1-DEC-2023. These A Shares will be under lockup for 1099 days starting from 27-NOV-2020 to 1-DEC-2023.
Details:
The company?s holding shareholder Zhejiang Zhaolong Holding Co., Ltd., the company?s actual controller Yao Jinlong, the company?s shareholder Yao Yuntao, and the company?s shareholder Yao Yinlong promised not to 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 within 36 months after the listing date. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s 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.
The company?s shareholders Deqing Zhaoxing Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Deqing Zhaoxin Enterprise Management Consulting Partnership Enterprise (Limited Partnership) promised not to 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 within 36 months after the listing date.
The company?s shareholder Deqing Baisheng Enterprise Management Co., Ltd. and supervisors Ye Guoqiang, Guo Yuhong, Sun Yueping who own shares in the company promised not to 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 within 12 months after the listing date.
The company?s other director, management personnel Song Hongxia, Shen Fuliang who hold shares in the company promised not to 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 within 12 months after the listing date. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s 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.
Zhejiang Zhaolong Interconnect Technology Co Ltd is a China-based company mainly engaged in the design, manufacture and sales of data cables, special cables and connection products. The Company's main products are data cables, special cables and connection products. Its products are used in network structured wiring, intelligent security, communication equipment, data centers, industrial Internet, industrial automation, industrial machine vision, rail transit locomotives, medical equipment, aerospace, shipbuilding and other fields. The Company conducts its businesses within the China market and to overseas markets such as Europe, North America, the Middle East, Southeast Asia and Australia.
ZHEJIANG ZHAOLONG INTERCONNECT TECHNOLOGY CO.,LTD. 
